Dan Celia: Market Trends And Inflation

Dan Celia: Market Trends And Inflation
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PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia discussed the state of the market, as well as how inflation affects business owners.

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Celia stated, “We started off a week in a little better territory than we ended last week. On Monday, we saw the S&P and then Dow both in negative territory, but the NASDAQ came back really well and it was up slightly. It was negative most of the day, and it’s coming off six days of negative activity. So that is very good news. The biggest loser of the day would be the Dow followed by small cap stocks and the Russell 2000. Earlier on Tuesday morning, we got NFIB numbers.”

How Inflation Affects Business Owners

Celia continued, “20% of small business owners reported that inflation was the single most important problem that they have encountered in operating their business. Price raising activity has reached levels that they haven’t seen since the early eighties. That is not good news because it’s not likely to slow down anytime soon. Business owners expect a little bit of a better business environment over the next six months, but I find that hard to believe. Nonetheless, they are closer to this situation than I am, and I don’t know what the basis of that would be, but most indicators have declined. 49% of owners indicated that they are increasing job openings and another 35% have indicated that they are increasing wages. We’ll watch the week closely as we have a fair amount of economic data coming in.”

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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