Dan Celia: The Market Trends And The Federal Reserve

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Dan Celia: The Market Trends And The Federal Reserve
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PHILADELPHIA – Nationally syndicated host and biblical investing authority Dan Celia discussed some the state of the market towards the end of the year, as well as the credibility of the Federal Reserve.

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Q3 2021 hedge fund letters, conferences and more

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For much of the past decade, Crispin Odey has been waiting for inflation to rear its ugly head. The fund manager has been positioned to take advantage of rising prices in his flagship hedge fund, the Odey European Fund, and has been trying to warn his investors about the risks of inflation through his annual Read More

The Market Trends

Celia stated, “We started off a week on a bit of a rough note. We saw the Dow down almost 1%, the S&P 500 down almost 1%, as well as the NASDAQ and the Russell 2000. Technology stocks and small cap stocks really took a hit, with both down about 1.4%, which is a significant move downward. Of course, this is not good compared to the record high the S&P hit recently. We don’t have a lot of optimism going into the rest of the week. Of course, next week is a shortened trading week, and then we’re headed towards one more trading week before the end of the year. It’s going to be very interesting to see if December will buck the trend of being positive just at the end of the year.

The Credibility Of The Federal Reserve

“No one seems to be talking about the latest Covid-19 variant. I suspect that we will be hearing more and more about that as the market keeps going down. But one thing is for certain— the credibility of the Federal Reserve is all but lost. People are talking about the use of the word transitory, which unfortunately they are never going to live down—nor should they. It was a ridiculous remark. The Fed had a total loss of credibility back in March, and it’s only gotten worse. They are no longer an independent organization. They’re about as connected to politics as everything else seems to be.”

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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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