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
Sep 17, 2021 • 13min
RenMac Off-Script: Consumer Not Yet Exhausted
Today Neil, Steve and Jeff discuss the strength and resilience of the consumer, the seasonality of equities and cyclicality, the important dates for upcoming votes in Washington and the Feds taper/rate hike schedule.
Sep 10, 2021 • 13min
RenMac Off-Script: Biden Top-Ticks COVID
Give us 13 minutes, we walk you through the strength of labor demand, why Biden’s speech is a sign that COVID concerns have likely peaked, how much of the negative sentiment might already be priced into equities, the latest news from DC and why the odds of a government shutdown are 25% and rising as the month progresses.
Sep 3, 2021 • 12min
RenMac Off-Script: Payrolls and Approval
RenMac dives head-first into today’s jobs number, the importance of employment distribution in the numbers, the impact it is likely to have on Fed tapering, the political infighting starting to develop among Ds in DC and the markets unwavering trend.
Aug 27, 2021 • 13min
RenMac Off-Script: A D.C. September to Remember
The RenMac Team discusses supply conditions impact on inflation, a daunting Congressional calendar in September, how Biden’s nominees will shape the Fed, and taking the foot off the market accelerator.
Aug 20, 2021 • 16min
RenMac Off-Script: The Deflating Reflation Trade
RenMac discusses the Biden’s challenge with budget reconciliation process, the oversold condition in energy and materials, the breakout in the dollar, the nagging and persistent breadth divergence, the inflation picture, and Steve’s foray into fatherhood.
Aug 13, 2021 • 20min
RenMac Off-Script: Inflation Starting to Bite Biden
Give us 18 minutes, we run through the recent movement in inflation, why it will not necessarily sway the Fed but has brought more of a political response from the Biden administration. In the markets, we highlight the pick-up in financials, particularly outside of banks and why this is not a growth versus value market, but one where you should focus on quality.
Aug 6, 2021 • 16min
RenMac Off-Script: Jobs Provide Fireworks for August
RenMac discusses the robust employment report, hurdles for the August numbers, congressional recess, DeSantis vs Biden, lending standards, and the liquidation seen in financial ETFs.
Jul 31, 2021 • 43min
RenMac Legends: A Conversation with Stephanie Link
Stephanie Link has worn multiple hats over her tenured career, from the sell-side at Morgan Stanley to the buy-side working with Jim Cramer, then as head of global equity research at Nuveen and now chief investment strategist and portfolio manager for Hightower, a national wealth management firm. You might know her from CNBC where she's a regular contributor, but we dig deeper and talk about her experience, philosophy, and insight; she has a lot of wisdom to offer. Here's our conversation:
Jul 30, 2021 • 18min
RenMac Off-Script: The Impending Debt Ceiling
Renmac discusses the triangulation of debt ceiling and infrastructure this autumn, the GDP figures, how Powell is thinking about the world, the importance of quality and profitability at this part of the cycle, the continued strength of discretionary names and the uptick in healthcare.
Jul 23, 2021 • 16min
RenMac Off-Script: Biden Recognizes Inflation
Renmac discusses inflation, its non-transitory nature and the challenges it poses to stimulus, as well as breadth divergences, seasonality and the upcoming debt ceiling.
