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
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 • 42min
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.
Jul 16, 2021 • 11min
RenMac Off-Script: Focused on the Fed
Give us 11 minutes, we run through Powell’s testimony on the Hill this week, the outlook for the composition of the Board of Governors next year, why the Fed’s reaction function might be dovish in 2022, and the latest in fiscal and infrastructure negotiations in Congress.
Jul 10, 2021 • 41min
RenMac Legends: A Conversation with Dr. Arthur Laffer (Part 2)
In the last of our two-part conversation with Dr. Arthur Laffer we discuss inequality, deficits, his proposal for a flat tax, the Achilles' heal of Keynesianisms, MMT, and monetarism, as well as his outlook on inflation and his thoughts regarding negative rates.
Jul 9, 2021 • 18min
RenMac Off-Script: Bonds on an Island
Give us 18 minutes, we walk you through the decoupling of Chinese and US tech and the regulatory hammer coming down from DC, why the bond market might have it wrong on the growth outlook, and what this means for US bank stocks.
Jul 2, 2021 • 15min
RenMac Off-Script: How Long is Fed’s Fuse
RenMac discusses the distinction between data and rhetoric, the red-hot ISM data, the implications from the yield curve, timing and internal politics on infrastructure and what it means for taxes going forward.
Jun 26, 2021 • 46min
RenMac Legends: A Conversation with Dr. Arthur Laffer
In the National Museum of American History in Washington D.C. rests the Laffer Curve or, more precisely, the napkin upon which Dr. Arthur Laffer drew his theory on taxation and government revenue for Dick Cheney and Donald Rumsfeld. He has been instrumental in shaping economic policy for a half-century, and has attracted the predictable detractors in the process. His pragmatism, good-humor and firm grasp of incentives, and their role in public policy and governance, is insightful, refreshing, and transcends political ideology. We discuss his career, theories, and outlook in this first of our 2-part conversation.
Jun 18, 2021 • 16min
RenMac Off-Script: Did the Fed Blink
Renmac looks at the Feds statement this week, its impact on markets, the message from yields, seasonal influences on equities, and the latest out of Washington.
