So much bad news for the economy.
Canada is evacuating a city that produces oil due to wild fires, exactly when Biden, for political reasons, needs oil prices to drop.
The bond market is offering no value to investors, which also leaves the value investors with few options. Meme stocks are having a nice run at killing off some hedge funds that are betting on shorting some stocks.
Producer prices rising, so likely looking at an interest rate INCREASE from the Fed, despite the fact that people have mistakenly been believing that there would be at least one, and possibly 2 or 3 rate cuts from the Fed. Any cut would clearly lead to higher inflation, and increase will likely lead to a recession. Fed should have increased much sooner than it started, and more aggressively, but they now are in a no win situation because they delayed way too long and raised too slow.
Government debt is (finally) being taken seriously. Interest alone is a huge problem and may exceed the defense budget!?!
There is now record household debt and consumer delinquencies are exploding.
Red Lobster's issues are just something that consumers and the talking heads on network TV can actually see.