Mad Money w/ Jim Cramer 10/14/26

Bank earnings mostly beat estimates yet stocks fell broadly, while software multiples rise as hardware/semi multiples compress—signaling a market-wide valuation reset, not an earnings story.

• Hot CPI, dovish bonds: September CPI rose 0.6% m/m, hotter than expected, yet long rates fell—Cramer blames flight-to-safety fear over neocloud debt, not inflation optimism, with next Fed decision October 28th.
• Bank earnings beaten but punished: Of six majors reporting (Wells Fargo, JPMorgan, Citigroup, Bank of America, Goldman Sachs, Morgan Stanley), five stocks fell 2-7% despite mostly solid numbers—Goldman beat with $18.68B revenue (est. $16.71B) and still dropped.

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