Congress Works 3-Day Weeks While Gas Hits Record Highs
Diesel and gas prices are 45% higher than nine months ago — the highest August prices on record. Jerremy Alexander Newsome and Dave Conley call AI CapEx spending the only thing propping up an economy strained by that energy squeeze. Dave argues the pain is landing hardest on consumers trading down from Home Depot and Whole Foods to Aldi's and dollar stores, and points out Congress works three-day weeks for five months a year while Mitch McConnell once took six weeks of paid sick leave with no return date. Jerremy tracks Reddit's addition to the S&P 500, a potential breakout in Home Depot above $360, and a make-or-break $62,000 support level for Bitcoin.
Timestamps
- (00:00) Home Depot's breakout level – a gap above $360 signals more strength ahead
- (03:53) AI CapEx props up the economy – Dave's blunt read on growth
- (07:07) Reddit joins the S&P 500 – replacing AvalonBay after a 56% run higher
- (09:47) Record gas and diesel prices – 45% higher than nine months ago
- (14:20) Congress works three-day weeks – McConnell took six weeks of paid sick leave
- (17:15) Bitcoin's make-or-break level – $62,000 support decides which way it breaks
