Data Centers: Pick-and-Shovel Thesis Questioned

RenMac breaks down why forecasting skill and real-world market instincts are critical for the Fed as it faces rising unemployment and a slowing economy. The team unpacks the administration’s escalating pressure on Maduro, surprising weakness in data-center stocks and fading construction momentum as utility costs climb. Also on tap: market leadership rotation, tariff strategy, Japan’s investment commitments and ACA politics.

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