The Eisen Hour -- November 20, 2024

Locator: 44370EISENHOUR.

Breaking: again, the timing is interesting.

Now that it's someone else's problem, Biden finally shows up. If Ukraine loses, he will say it wasn't because of his policies.

NATO: Meanwhile, Trump selected former acting AG Matthew White as NATO ambassador.

Trump 2.0 is tracked here.

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Missing the Target

Target, Target, Target! Link here. Target is now advertising Thanksgiving turkeys for 79 cents a pound. See below. Was Target price gouging before announcing the new price? 

The big question: how did analysts miss earnings and revenue estimates by so much? Even the "Fast Money" folks last night were bullish on Target.

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Inflation Watch: From October 17, 2024

Tag: turkey.

Locator: 48604CRAMER.

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: the data is in -- the evidence is clear cut -- inflation:supply and demand -- nothing to do with government spending 

Don't take that out of context.

More later.

But it's obvious.

And the "price of eggs due to inflation due to government spending" is getting tedious. Anyone who talks about the price of eggs in this context is …. shall we say, obtuse?

Housing prices: nothing to do with government spending; everything to do with supply and demand.

Same with rent.

Auto insurance? Nothing to do with government or national deficit.

More to follow. 

Everything, everywhere happening all at once. 

In This Economy? How Money and Markets Really Work, Kyla Scanlon, c. 2024.

Exhibit A:

October 14, 2024: avian flu -- egg-laying hens hit harder than turkeys -- now, can we move on?

October 13, 2024: Walmart: awesome. Protein at 88 cents / pound is pretty cheap source of protein. Salmon $5 for four ounces, or $20 / lb.

This is an incredible "moment" for Walmart. They love "rolling back" prices and as fast as wholesale prices are falling, Walmart is passing those savings to retail customers as fast as they can. "Our" Walmart was filled with "rollback" tags today. But frozen turkeys is what caught my eye. At 98 cents / pound, less expensive than last Thanksgiving, and now Walmart has rolled back that price to 88 cents / pound.

Speaking of Walmart: 

We have a Costco membership and an Amazon Prime membership and we've never seen a need for a Sam's Club membership. I may reconsider for one year. From our local neighborhood flyer:

Nearly two years after a tornado damaged Sam’s Club, doors will be open at the wholesale club starting on October 16, 2024. 

This Sam’s Club -- just down the street from us -- will be the first in the country without any registers or cashiers, allowing customers to use their app’s scan and go feature to shop.

The Grapevine location will feature many technology features not in other stores, being the first digital-first store ... that includes a robot that can make 190 pizzas in an hour order custom-made sushi in the app and an e-commerce order area that is four times larger than any other Sam’s Club store.

$50 / year. Yeah, gonna join. At least for a year. Gotta see the robot. Plus all the other benefits. Truly amazing. $50 / year = $1 / week.

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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 something appears wrong, it probably is. Feel free to fact check everything.
  
• 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.
• Longer version here.