Dan Celia: Consumer Confidence And The Fourth Quarter

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Dan Celia: Consumer Confidence And The Fourth Quarter
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PHILADELPHIA – Nationally syndicated host and biblical investing authority Dan Celia discusses the markets and looks ahead to fourth quarter.

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The Fourth Quarter

Celia stated, “We’re getting ready to start the last week of the third quarter already—the fourth quarter starts on Friday. A lot of economic data is coming out this week, some of it important, some of it somewhat insignificant. Durable goods are coming out for the month of August, and this is a very backward-looking number. The number was sitting at a negative one-tenth of one percent and any negative number in durable goods is not good, particularly in the middle of August. I think with improved home builder confidence and permits growing a bit, that should be going up soon.

Consumer Confidence Numbers Coming Out Soon

“Consumer confidence numbers come out soon, which are very significant. The government number is coming out as opposed to the Michigan sentiment number. This is the confidence number that is coming out on Tuesday. Right now, we’re sitting at 113.8, which is a pretty good number, but it was down last month. We’ll see what it looks like when that comes out on Tuesday. On Wednesday, we get the pending home sales number. It was a negative one point eight, almost two percent negative for the month of August, which was very odd. I would suspect it’s not going to be a whole lot better for the month of September. As things come in, I think the markets are going to be somewhat muted. I don't think we’ll see huge swings either up or down. Then on Friday, we get into the volatile month of October, not quite as bad as September traditionally, but nonetheless, a very volatile month as we begin the last quarter of the year.”

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Dan Celia is the CEO and President of Financial Issues Stewardship Ministries. Married to Registered Nurse, Yvonne, in 1980, Dan has two married daughters, is blessed with sons-in law who love the Lord, and has seven grandchildren. Dan has worked for 35 years as an entrepreneur and businessman, starting eight corporations and co-founder of two others. In 1999 Dan sold his Small Trust Company (managing over 900 million dollars) to go into Ministry. Dan has developed and uses a biblically-responsible system of financial management with great success. He started a radio ministry in 1997 as a part time ministry and has seen the Lord expand and bless this ministry to his current full-time ministry. Dan has interviewed newsmakers and pundits like Steve Forbes, Ben Stein, T. Boone Pickens, Tony Perkins, John Alison, Rayola Dougher API, Congressmen, Senators and Presidential candidates. He is proud of his partnership with the American Family Association where he serves as a board member. Dan is now on over 640 stations three hours daily, NRB TV, BizTV, Dove TV and CBN Life Style Network. Financial Issues is heard in every state in America and throughout the internet globally. Financial Issues has supporters from over 17 countries. Dan is a Regular Weekly Contributor to Townhall.com (the number 1 source for conservative news and analyzation). Dan has been a guest on Fox Business, Bloomberg, Salem Radio, Family Net, 700 Club,and many others . He is a conference speaker, author of six books, publishes a weekly newsletter and has been Executive Producer of several video productions and FISM TV is producing original family friendly content and other video projects all keeping with in FISM’s Christian world view.

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