Investing · Jeff deGraaf, Neil Dutta, & Stephen Pavlick

RenMac

by Jeff deGraaf, Neil Dutta, & Stephen Pavlick

Stock market commentary from Wall St thought leaders in strategy, economics, technical analysis and policy. Disclaimer .......... This Podcast Audio Show has been prepared by Renaissance Macro Research, LLC (“RenMac”), an affiliate of Renaissance Macro Securities, LLC. This Podcast Audio Show is for distribution only as may be permitted by law. It is published solely for information purposes; it is not an advertisement nor is it a solicitation or an offer to buy or sell any financial instruments or to participate in any particular trading strategy. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained in this document. The information is not intended to be a complete statement or summary of the markets, economy or other developments referred to in the Podcast Audio Show. Any opinions expressed in this Podcast Audio Show may change without notice. Any statements contained in this Podcast Audio Show attributed to a third party represent RenMac's interpretation of the data, information and/or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party. Nothing in this Podcast Audio Show constitutes a representation that any investment strategy or recommendation is suitable or appropriate to an investor’s individual circumstances or otherwise constitutes a personal recommendation. Investments involve risks, and investors should exercise prudence and their own judgment in making their investment decisions. The value of any investment may decline due to factors affecting the securities markets generally or particular industries. Past performance is not indicative of future results. Neither RenMac nor any of its directors, employees or agents accepts any liability for any loss (including investment loss) or damage arising out of the use of all or any of the information. Any information stated in this Podcast Audio Show is for information purposes only and does not represent valuations for individual securities or other financial instruments. Different assumptions by RenMac or any other source may yield substantially different results. The analysis contained in this document is based on numerous assumptions and are not all inclusive. Copyright © Renaissance Macro Research, LLC. 2019. All rights reserved. All material presented in this Podcast Audio Show, unless specifically indicated otherwise, is under copyright to Renaissance Macro Research, LLC. None of the material, nor its content, nor any copy of it, may be altered in any way, or transmitted to or distributed to any other party, without the prior express written permission of Renaissance Marco Research, LLC.

Latest episodes

Showing 20 · updated from the feed

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

Sep 3
49 min

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

Aug 28
51 min

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

Aug 21
49 min

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

Aug 14
45 min

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

Aug 6
1 h 01 min

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

Jul 31
41 min

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

Jul 24
45 min

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

Jul 17
40 min

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

Jul 10
57 min

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

Jul 2
38 min

RenMac Off-Script: Flying Blind

RenMac breaks down a hawkish shift from the Fed and why higher real yields are reshaping market leadership beneath the surface. The team discusses Treasury Secretary Scot

Jun 26
37 min

RenMac Off-Script: Warsh Lets the Hawks Fly

RenMac breaks down new Fed Chair Kevin Warsh's first meeting — the most hawkish FOMC outcome on record by the move in the two-year yield — why falling oil won't pull the

Jun 19
36 min

RenMac Off-Script: Rocket Man

RenMac breaks down the SpaceX IPO frenzy, why history suggests caution around the most anticipated market debuts, and how stronger inflation and labor data are shifting t

Jun 12
49 min

RenMac Off-Script: Small Ball

RenMac small cap strategist Kevin Dempter joins Off-Script to discuss what's driving small cap outperformance since Liberation Day and whether the run has room to go. The

Jun 5
32 min

RenMac Off-Script: Shoot ‘em in the Back

RenMac discusses the equity markets at all-time highs as signs of late-cycle stress accumulate beneath the surface and capital chases the parabola in tech. The team break

May 29
40 min

RenMac Off-Script: Seeking Crypto Clarity

Zach Pandl, Head of Research at digital asset manager Grayscale Investments, joins the RenMac Off-Script team to discuss the Clarity Act's path through Congress and how s

May 22
50 min

RenMac Off-Script: Around the World with Ozan

RenMac welcomes Deutsche Bank Vice Chair of Global Macro Ozan Tarman for a deep dive on rising yields, “warflation,” and whether the bond vigilantes are back. The team de

May 15
50 min

RenMac Off-Script: Fine… For Now

RenMac breaks down a labor market that remains stable but uneven, with AI and data center investment continuing to drive hiring, manufacturing, and market leadership whil

May 8
34 min

RenMac Off-Script: RenMac’s Breadth Problem

RenMac breaks down a powerful market rally masking weak breadth and narrow leadership concentrated in AI, semis, and energy. The team explores a soft underlying growth ba

May 1
40 min

RenMac Off-Script: Burden Is On The Bears

RenMac unpacks rising risks in the $2.1T private credit market, where opacity, refinancing pressure, and potential redemption “gates” could tighten financial conditions b

Apr 24
41 min