RenMac

RenMac Off-Script: Black Friday, Black Leather, and Red Flags*

What's next for NVIDIA as scandal impacts the AI trade? RenMac examines the potential fallout for semiconductor leadership, tightening chip export controls, and why Jeff

RenMac Off-Script: Neocloudy With a Chance of Defaults*

RenMac breaks down the accelerating selloff in semiconductors, why Jeff sees signs of forced liquidation but isn't convinced the market has reached a durable bottom, and

RenMac Off-Script: Mag Seven, Meet the Other 493

RenMac breaks down the sharp reversal in AI stocks, why the Mag Seven are losing their grip on market leadership, and how 777 advancing stocks in the Russell 1000 signal

RenMac Off-Script: Shoot First, Buy Later

RenMac breaks down why Thursday's tech wipeout looks like forced liquidation rather than a bottom, with semis and hardware stuck at 20-day lows, shorts covered but not ye

RenMac Off-Script: Higher for Longer, Wronger for Longer?

RenMac breaks down another round of troubling inflation data and why the Fed’s reluctance to hike in October likely cements action in December. The team examines why impr

RenMac Off-Script: AI's Reality Check*

Ramp's Ara Kharazian joins RenMac to unpack what actual corporate spending data reveals about the AI boom, including why 1% of companies account for 80% of enterprise AI

RenMac Off-Script: Beneath the Bull

RenMac breaks down a softer payroll report that reins in Fed hike expectations even as inflation remains the bigger hurdle for policymakers. The team discusses why higher

RenMac Off-Script: Hawk and Awe

RenMac breaks down the breakout in long-end Treasury yields, why tighter monetary policy rather than fiscal concerns may be driving the move, and how higher real rates ar

RenMac Off-Script: There Is An Alternative

RenMac breaks down the Fed’s unanimous rate hike, why Kevin Warsh’s first move suggests the tightening cycle may have further to run, and what increasingly restrictive re

RenMac Off-Script: The Great Separation

RenMac breaks down stubborn inflation and why the Fed may be forced to hike as higher real yields reshape markets beneath the surface. The team discusses weakening moment

RenMac Off-Script: Hormuz, Hyperscalers & the Market*

Former U.S. National Security official Michael Allen rejoins the RenMac Off-Script team to discuss the prolonged standoff in the Strait of Hormuz, why oil prices have rem

RenMac Off-Script: Fed Swallows Whistle

RenMac is joined this week by Kevin Muir, author of The Macro Tourist and co-host of The Market Huddle podcast to discuss why the Fed has run out of room to move before t

RenMac Off-Script: Breaking Glass

RenMac breaks down Treasury's move to double its long-end liquidity support ops to $4 billion, its turn from plumbing to arguing yields don't reflect fundamentals and how

RenMac Off-Script: Total Eclipse of the Hike

RenMac breaks down a July inflation picture that isn't cooperating (softer CPI, firmer PPI, and core PCE annualizing near 2.5%), and why the bond market is under-pricing

RenMac Off-Script: Forecasts > Feelings*

Former CEA Chair and Federal Reserve Board of Governors member Steve Miran joins the RenMac Off-Script team to discuss why he sees potential growth running closer to 3% t

RenMac Off-Script: Warsh Case Scenario

Boucher fills in for Dutt, hosting an especially off-script edition of RenMac Off-Script, covering the biggest earnings and macro week of the summer, headlined by Kevin W

RenMac Off-Script: The First Crack

RenMac breaks down the case for a Fed hike next week — Neil Dutta's "Why Not Now?" call, with September already priced at 100% — as AI capex, rising oil, and tariffs push

RenMac Off-Script: Memorandum of Misunderstanding

RenMac breaks down the vicious unwind in the momentum trade, why a low headline VIX is masking the highest single-stock dispersion the team has ever measured, and how a c

RenMac Off-Script: Redistributing the Oxygen*

Big Technology podcast host Alex Kantrowitz joins the RenMac Off-Script team to discuss whether the AI buildout has quietly become the load-bearing pillar of the U.S. eco

RenMac Off-Script: State of the Fed Disunion

RenMac is joined by banking and payments veteran Howard Mason and digs into a soft payroll report, Chair Warsh's price-stability regime shift, and firming real rates. The