Consumer Debt Looks Bad, But Markets Aren’t Panicking

Chuck, Mike, and Tucker with you here on a Monday.

Hope you all had a great, uh, weekend.

And as we kick things off here, stocks don't really know what to do with the, uh, the bond market is closed in observance of Columbus Day.

Stock market is open, and stocks are like, "Hey, what do we do?"

Yeah.

S&P is down one whole point, which is, again, it's like why did I, why did I put on a shirt today? Like, what's, what's the point? I gotta wash this thing now.

Uh, the, the, the-

[laughs]

...

the Dow is up 246 points.

Okay, like yeah, something.

Uh, the NASDAQ composite's down 69, so it's like what are we doing here? Like, it's just, it, it's, it's not a day that is particularly interesting in, in equities.

Bonds, as I mentioned, no movement.

They're closed.

Uh, what do we have going on with gold? Gold's down $29 an ounce to $41.86 after a little bit of a run late last week.

Crude oil, West Texas Intermediate, up $1.99 a barrel to 93.83. AAA national average for gas is at 435 and five tenths, down three tenths overnight.

Uh, diesel's at 626, down one cent overnight.

Uh, diesel futures, though, despite, uh, any hubbub about, you know, importing Russian diesel, diesel futures actually up just shy of one cent today.

So the diesel market's saying, "We don't really think there's any juice there." So that's what you've got going on in, uh, markets today.

Again, bond market will be back open tomorrow, uh, and so pretty quiet day overall, uh, in, in equity markets.

We got this piece from CNBC.

Tucker, what...

Can we get, like, a standard, like, doom and gloom music at some point-

Hmm

... to, like, like something that's just, like...

Chuck, Mike, and Tucker with you here on a Monday.

Hope you all had a great, uh, weekend.

And as we kick things off here, stocks don't really know what to do with the, uh, the bond market is closed in observance of Columbus Day.

Stock market is open, and stocks are like, "Hey, what do we do?"

Yeah.

S&P is down one whole point, which is, again, it's like why did I, why did I put on a shirt today? Like, what's, what's the point? I gotta wash this thing now.

Uh, the, the, the-

[laughs]

...

the Dow is up 246 points.

Okay, like yeah, something.

Uh, the NASDAQ composite's down 69, so it's like what are we doing here? Like, it's just, it, it's, it's not a day that is particularly interesting in, in equities.

Bonds, as I mentioned, no movement.

They're closed.

Uh, what do we have going on with gold? Gold's down $29 an ounce to $41.86 after a little bit of a run late last week.

Crude oil, West Texas Intermediate, up $1.99 a barrel to 93.83. AAA national average for gas is at 435 and five tenths, down three tenths overnight.

Uh, diesel's at 626, down one cent overnight.

Uh, diesel futures, though, despite, uh, any hubbub about, you know, importing Russian diesel, diesel futures actually up just shy of one cent today.

So the diesel market's saying, "We don't really think there's any juice there." So that's what you've got going on in, uh, markets today.

Again, bond market will be back open tomorrow, uh, and so pretty quiet day overall, uh, in, in equity markets.

We got this piece from CNBC.

Tucker, what...

Can we get, like, a standard, like, doom and gloom music at some point-

Hmm

... to, like, like something that's just, like...