RenMac
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.
Episodes
Mentioned books
Nov 12, 2021 • 14min
RenMac Off-Script: Powell Will Need a Stiff Spine
Renmac discusses inflation, the broadening of the data, the impact on the electorate and messaging out of Washington, the improvement in gold and the relative strength of cyclicals versus weakness in defensive names.
Nov 5, 2021 • 18min
RenMac Off-Script: Economy and Markets Melt Up In Q4
RenMac discusses the acceleration in the labor market, Powell’s dovish press conference just before he was spotted at the White House, the breakout in small cap stocks and the re-opening trade, and what the strong GOP performance in this week’s elections (NJ/VA) mean for current fiscal negotiations.
Oct 30, 2021 • 59min
RenMac Legends: A Conversation with David Fingold
David Fingold of Dynamic Funds in Toronto brings over 30 years of business and investment experience to his clients, but his path to overseeing more than $13.5B in AUM is unique. David knows what it is to run a business successfully, how to finance it, and consequently what it means to invest in one. He's a bottoms-up stock picker who worries top-down, and his success speaks volumes.
Oct 29, 2021 • 15min
RenMac Off-Script: D’s Fumble in the Red Zone
RenMac walks thru the latest mis-queues out of Washington, what today’s employment cost data mean, the poor 3Q relative GDP performance (France was better), inflation expectations, gold and Virginia’s gubernatorial race.
Oct 22, 2021 • 14min
RenMac Off-Script: Inflation’s Flame Burning Powell’s Fingers
Jeff, Neil and Steve discuss Powell’s status, the surge in 5yr break evens, gold’s message, the importance of the Gubernatorial race in Virginia, the bearish relative trend change in consumer discretionary names, and the supportive sentiment and seasonal environment for stocks.
Oct 15, 2021 • 14min
RenMac Off-Script: Putin Is World’s Most Powerful Man
Join the RenMac team as they discuss the Congressional calendar crunch, how the growing reliance on reliance on fossil fuels is benefiting Vladmir Putin, the inflation boom, and how Biden’s climate policy discourages fossil fuel production.
Oct 8, 2021 • 18min
RenMac Off-Script: Payrolls Won’t Dissuade the Fed
RenMac reviews McConnel’s strategy with Schumer, weaker payrolls and the implications for Fed policy, Late-cycle and sentiment, supply-chain issues, Manchin drops the F-bomb and the importance of better or worse versus good or bad on Wall Street.
Oct 1, 2021 • 16min
RenMac Off-Script: Self-inflicted Wounds from Washington
RenMac debates the political gamesmanship out of Washington, Senator Warren’s swipe at Powell, the resignation of 2 Fed hawks, the status of backlogs and end-user demand, the abundant oversold conditions in industry groups, rising yields and the bullish complacency found in corporate credit.
Sep 24, 2021 • 13min
RenMac Off-Script: Powell Pushes Yields
RenMac discusses this week’s hawkish message out of the Fed, the importance of the breakout in 10-year yields, its implication for higher yields on industries, the political wrangling’s in Washington as Presidential approval erodes, and Neil’s new ground-breaking diet plan.
Sep 18, 2021 • 40min
RenMac Legends: A Conversation with Mike Masters
Mike Masters of Masters Capital Management has had a storied career in the investment business. From his days in the pool as an All-American swimmer at The University of Tennessee to his first job as a retail stockbroker and finally as the head of his eponymous named firm, Mike’s focus on process and his sheer willingness to succeed has served his investors well. As one of the most active institutional users of derivatives on the street, Mike understands mismatches in perceptions, expectations and calendar quirks, and attempts to exploit those difference to his client's advantage. He’s built a first class business while being true to his family and partners. Here’s our conversation.
