Dan Celia: Remaining Optimistic for 2020 Economy Until Washington, D.C. Political and Financial Headlines Say Otherwise
PHILADELPHIA—What will dampen nationally syndicated host Dan Celia’s continued optimism for the economy? Only if it “could possibly appear that President Trump may not win the election,” says the biblical investing authority.
Q3 2019 hedge fund letters, conferences and more
“I feel very, very good about the upcoming year from a market standpoint—and, more importantly, from an economic standpoint,” Celia said to kick off the year. “But as we see and hear all the optimism about 2020 and the markets, everything will be totally dependent upon whether it begins to appear that President Donald Trump will win re-election. If for some reason he does not win in 2020, people will not be able to get out of the market fast enough, so as to preserve some of the profits they’ve made over the past three years.
“I don’t think anyone is more concerned than I am that we are dependent upon the well-being of the markets and an economy based on the political atmosphere in Washington, D.C.,” Celia continued, “namely because Washington, D.C., is more dysfunctional than one could ever imagine. The well-being of the economy, business sentiment, consumer spending, wages and taxes will be greatly impacted by what happens in November.”
But in the meantime, Celia added, investors and consumers can continue to move forward and upward in a similarly excited and optimistic place as when 2019 began. This is despite that the U.S. is experiencing the effects of more national security threats, global unrest, uncertainty and tensions in the Middle East—perhaps more than ever.
Fade Washington, D.C.
“It would appear as though a few more countries have joined those that hate America,” Celia said. “So, aside from the elections, we still have to be critically concerned about geopolitical events or a black swan event that could turn everything upside-down. But this is, in fact, the world in which we are living; we can focus on the worst-case scenarios or continue to focus on what we can actually see in front of us. The year 2020 will certainly be one of the most interesting years in many decades—but the prospects for continued economic growth despite Washington, D.C. inaction are nothing short of amazing.”
Celia discusses these and other global and economic headlines on his daily, three-hour “Financial Issues” program, heard on more than 660 radio stations and several television networks nationwide.
