Your personal stylist is calling.

styleist is calling.

Motley Full Money starts now.

I'm Mary Long joined today by David Meyer.

David, thanks for joining me.

Thank you for having me.

Always a pleasure.

Always a pleasure to have you.

Today, let's say we're celebrating.

The S&P 500 hit a new record high yesterday.

This is not the first time that that happened since the Fed's right cut.

Are you celebrating?

Of course.

Love new highs. We love new highs. Also yesterday though, we got new data on

consumer confidence and that was a little less rosy. There's a disconnect it seems

between that consumer confidence data and these all-time highs that we're seeing in the stock market because September's consumer confidence index slid by its largest level in three years.

So when you get conflicting data points like this, how do you

square them and kind of make them make sense and tell a story?

So a very good question. I think the first thing we need to do is to look and see what the consumer confidence data is actually telling us.

So yes, it declined month over month, and it declined from about 105, to the index to about 98 let's say.

So the situation is far from dire, right?

During the great financial crisis, the index dropped to around 25 at the Nadeer.

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