Cramer's First Hour -- Part 2, October 11, 2024

Locator: 48557CRAMER.

Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.  

Inflation data today: mixed. But not bad. By noon, all will be forgotten. How Yahoo!Finance reports it:

Steve Liesman: after Rick's comments, Steve Liesman comes out fighting. 

I'm getting tired of Rick Santelli. Good, bad, or indifferent, Steve Liesman is much more reasonable, less emotional (wow, that's an understatement).

A reminder, the Fed's favorite metric: core PCE.

The interview with David Seif, Nomura Securities, worth listening to again. Folks are hung up on "the target rate of 2%."

David Seif gets it. It's not "2%" -- it's an inflation rate with a "2%-handle." Big difference. This was the "core" of the argument between Rick Santelli and Steve Liesman this morning -- who works for whom? LOL.

The Allstate CEO: an incredible interview. 

Allstate has been getting out of Florida over the past fifteen years. The three states of interest: Florida, Texas, and California. At the state level, of those three, Texas has done the best job of "managing" the home insurance issue, was my takeaway from the interview. Insurance industry in good shape. Nothing actionable.

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Disclaimer
Brief Reminder 

• I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 
• Reminder: I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
• And, also. I am also inappropriately exuberant about all things Amazon but hold no position in AMZN. Never have.