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On the program today, timing the market, but not the way you think.

From American public media, this is Marketplace.

In Los Angeles, I'm Kai. Resolute is Tuesday today, the ninth day of May. Good as always to have you along everybody.

The big picture economic news of this day was in a weird sort of way that there was no news out of that debt limit meeting at the White House this afternoon.

President Biden and Speaker McCarthy, of course, along with Schumer, McConnell and Jeffries to be clear it's not like anybody expected news.

Speaker McCarthy and House Republicans are steadfast in threatening the security of American debt.

President Biden will negotiate on the budget. He says not over the debt limit itself and to be even more clear as we sit here just 21 days from when the Treasury Secretary says she's going to run out of room for financial maneuverability.

The protagonists in this whole thing lack focus because the markets still haven't decided to start paying attention.

We have Marketplace's Justin Hode to figure out when that might happen.

Stock markets aren't exactly surprised by all this back and forth over the debt limit.

We know the drill. They've just got a solve for it.

Mark Lushini, his chief investment strategist at Janie Montgomery Scott. He says there are plenty of reasons to believe that Congress will sort things out.

For one, there are a lot of people that won't be happy if government aid stops flowing on June second, about $25 billion of payments are estimated to go out to Medicare Medicaid and Social Security recipients.

Lushini says he gives it about one or two weeks before the pressure on Congress starts really ramping up.

And right now, markets don't have anything to react to since nothing's really happening.

This is Ian Dubacker, a finance professor at Northwestern University.

And when nothing is happening, we shouldn't be surprised that the market is just puttering along as it usually does.

Dubacker says the market could react if, say, Treasury Secretary Janet Yellen comes out with more details on who wouldn't get paid in the event of a default.

And if nothing keeps happening, that's news too.

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