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
Jan 7, 2022 • 18min
RenMac Off-Script: Focus on the Fed
The RenMac team discusses the collapse of concept capital, the Fed’s March glidepath, whether the Fed is offsides, inflationary buildup in the labor market, how Biden’s expected nominees will lead to politicization of the Fed, and tilting towards value.
Dec 17, 2021 • 17min
RenMac Off-Script: That Damned Yield Curve
RenMac debates Build Back Better vs Build Back at All, Powell’s latest thoughts, vacancies at the Fed, implications of the yield curve and the continued and expected deterioration of “concept finance”
Dec 10, 2021 • 15min
RenMac Off-Script: Powell Needs a Big Stick
Neil crashes “Off-script” from Miami to discuss inflation, while Steve views it thru the lens of fiscal policy and 2022 elections. Jeff discusses his discomfort with the flattening yield curve, the importance of the Fed’s balance sheet, and the fading of “concept capital”.
Dec 3, 2021 • 16min
RenMac Off-Script: Data Won’t Dissuade Fed
RenMac discusses today’s weak jobs headline but strong details, the curve conundrum given inflation expectations, the breakout in housing, will Kamala or Pete be the heir apparent, the history of inflation and the Fed as well as next week’s inflation data.
Nov 20, 2021 • 36min
RenMac Legends: A Conversation with Moz Afzal
Moz Afzal is the CIO of EFG International in London. He is the lead manager of EFG's New Capital Strategic Portfolio and New Capital Tactical Opportunities Fund. He has been instrumental in building EFG's global footprint and shares with us how he has continued to manage money effectively while building a trusted team of analysts and PMs around him. Here is our conversation...
Nov 19, 2021 • 18min
RenMac Off-Script: Politicizing The Fed
The RenMac team discussed Neil’s London trip and how it is more open than NYC, strong economic indicators, the politics behind Biden’s Fed’s decision, the pressure to politicize the Fed like other institutions, a strong housing outlook moving forward, Neil’s upcoming, Cancun “work” trip, and debt limit drama returning in December.
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.
