Dan Celia: Oil Prices, Market Numbers, And Inflation

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Dan Celia: Oil Prices, Market Numbers, And Inflation
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PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia discussed the future of oil prices, the upcoming market numbers, and the future of inflation.

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Oil Prices

Celia stated, “As we head into a busy week with holiday travel and such, it looks like real prices are coming down. We’re seeing oil at a seven-week low. Of course, Europe is facing a total shutdown once again due to the pandemic, which is obviously going to be good for gasoline and oil prices. If production stays the same as it is right now, which it is likely to do, they’re looking at global demand slowing down, and that could help us at the pump this week, from an economic data perspective.

Market Numbers

“We get existing home sales this week, and that’ll be interesting to see. It’s expected to be down to about 6.2 million. We also get manufacturing numbers coming out this week and we’ll watch those very closely. But according to last week, they should be up—we’ll have to wait and see. Maybe there’ll be up or flat at best.”

Inflation

Celia continued, “Wednesday is a big data day, and the important number is going to be an inflation number-core inflation. I usually don’t care much about core inflation, but I do this week because it’s going to be an interesting number to watch. They’re expecting it to be up year over year to four-point-one percent. Now keep in mind, this is core inflation. It’s not going to take too many more, if any at all, to present a big problem. If we see personal income dropping at the very same time, we could possibly see inflation going up. This is very, very important economic data that our markets and economy are going to hinge upon this week.”

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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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