Is It Time to Take a Breather on Investing?

By Dan Celia | August 31, 2018 | 2:11pm EDT
NEW YORK, NY - AUGUST 24: Traders work on the floor of the New York Stock Exchange (NYSE) on August 24, 2018 in New York City. Led by gains in technology and energy companies, the Dow closed up 133 points or 0.5 percent for the day. (Photo by Spencer Platt/Getty Images)

There’s so much opportunity in the markets—primarily because of unprecedented enthusiasm and growth. This is an economy the likes of which we haven’t seen in at least 15 years, and even then, it was nothing compared to the levels we are seeing today.

If we look only at consumer sentiment, business investment, wages, consumer spending and productivity—not to mention a level of optimism, enthusiasm, opportunities and satisfaction that most workers have never seen in their lifetime—we are in an economy that, no matter what happens in the geo-political world, nothing seems to rattle it. This is an economy that has brushed off fears of trade wars, currency wars, potential military conflicts with our adversaries, global financial concerns and political rhetoric coming from the mouths of those that hate us, and yes, even those who are allies. This economy has carried on unfazed.

The markets may be quite a different story, as we have seen a great deal of volatility both on the upside and on the downside as we watch NASDAQ and S&P reach new highs once again.

I believe the strongest headwind this economy faces could come out of the November elections. These elections could also be one of the greatest tailwinds in history, even more so at this point than tax cuts.

It’s not very complicated. As we look at the November elections, there are only two outcomes, and either will rock the economy—one for the good and one for the “pick up where we left off on Nov. 7, 2016-pre-presidential election. One outcome will be pro-growth, pro-corporation, pro-American worker and allow the “America First” agenda to continue. Or the other—it stops dead in its tracks.


I am cautiously optimistic that the American people understand how far we’ve come in the past 18 months, and that this 18-month journey the economy has been on is one that most American people, conservatives, Independents and hopefully a few Democrats understand. A continuation will be good for the family, for our finances, for our faith and for American prosperity. These people also realize that the country also gets to enjoy peace through strength as we see the benefits of a strengthened military and the strength of our convictions that will have a positive impact for generations to come.

Remember, I said I’m “cautiously” optimistic. With that in mind, it might not be a bad idea to take a breather from buying into this market. Don’t do any selling—just sit on some of those great positions and protect your cash positions. I’m not talking about the continuation of your contributions to your 401(k)s and IRAs; don’t stop or even slow down any of that. But if you’re thinking about putting new money to work in the markets, keep in mind that November is right around the corner.

Let’s take a breather.

Dan Celia is president and CEO of Financial Issues Stewardship Ministries, Inc., and host of the nationally syndicated radio and television program “Financial Issues,” heard daily on more than 650 stations across the country and reaching millions of households on several TV networks. Visit


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