PHILADELPHIA – Nationally syndicated host and biblical investing authority Dan Celia discussed the price of oil, as well as the future of the Federal Reserve and the current infrastructure plan.
Q2 2021 hedge fund letters, conferences and more
Celia commented, “As we head into the middle of the week, it looks like oil is headed back a little bit closer to $70 a barrel. All the indices on Tuesday finished in positive territory. Also, the volatility index was up a little bit as well.
The Budget Bill And Infrastructure Plan
“House Democrats are clearing the path to a $3.5 trillion budget bill and infrastructure plan. How much of this money is going overseas and for what? How much of this money is going to things other than infrastructure, and how much of this money is going to more handouts right here in this country? The national debt is blossoming very quickly to $30 trillion, which is not going to help this economy. When we have a Federal Reserve that seems to be pretty much bent on not making the dollar any stronger, increasing interest rates, or stopping bond buying.”
Celia continued, “The only thing that is going to stop the purchasing of debt is Jerome Powell coming to the realization that no matter what he does, there’s no way he’s going to get reappointed again. When he comes to that realization, maybe he’ll pause for a moment and do what’s right for America. In the meantime, the markets continue to rise probably because there’s going to be buy backs coming in between now and December. And there’s going to be money from the international world continuing to come in.”
