

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

31 snips
Apr 4, 2025 • 50min
RenMac Off-Script: Obliteration Day
Delve into the intriguing world of trade deficits and tariffs, exploring their impact on market uncertainty. Discover the Federal Reserve's shifting outlook on rates and analyze recent job growth trends, particularly in education and health sectors. Unpack tactical lows and how market sentiment reacts to inflation expectations. Learn about the strategic complexities of orchestrating a recession, the strength of the dollar, and the implications of executive orders on industries. Embrace a positive investment mindset amid market volatility!

10 snips
Mar 28, 2025 • 37min
RenMac Off-Script: Bad News Priced
The discussion revolves around the significance of the upcoming 'Liberation Day' and how much bad news is already reflected in market pricing. Political controversies, especially regarding communication security and accountability, take center stage. Trade tariffs are explored in the context of current political strategies and their economic implications. The analysis highlights declining economic indicators and their impact on employment rates, as well as the significance of upcoming elections in shaping voter sentiment and economic policies.

Mar 21, 2025 • 41min
RenMac Off-Script: Tariffied
RenMac unpacks the FOMC meeting, Trump’s conversation with Putin, the deteriorating transportation names, tariff uncertainty, the likelihood of a downside economic surprise in coming months, Schumer’s unwinnable position and how moving averages can help generate alpha.

9 snips
Mar 14, 2025 • 41min
RenMac Off-Script: Eggs-cellent
RenMac discusses the potential strategy behind Schumer’s decision to avoid a government shutdown, the contribution of egg prices to CPI, the deteriorating news flow with the spike in bearish market sentiment, the potential Canadian tariff strategy (or lack thereof), why we’re not playing this as a bear-market and this week’s mailbag regarding market tops.

13 snips
Mar 7, 2025 • 33min
RenMac Off-Script: A Weak Outlook Trump's Making Worse
RenMac dissects the payrolls, the latest tariff moves, the importance of credit indications and the complete unwind of beta as well as this weeks mail-bag.

Feb 28, 2025 • 26min
RenMac Off-Script: Policy Uncertainty
Renmac talks through the latest policy uncertainty and its history on markets, Neil interprets the latest housing and income data and how today is mirror image of 2022. Steve discusses the March 14th budget deadline and Jeff walks through the beta reversion and what look vulnerable at this point.

Feb 21, 2025 • 31min
RenMac Off-Script: Data and Industrials
Explore the potential impacts of a government shutdown and how it could affect various sectors. The discussions reveal softening economic data and the challenges facing the industrial landscape. With budget battles heating up in Congress, the role of China and its economic strategies takes center stage. Insights into the evolving semiconductor market highlight contrasting trends between the U.S. and China, particularly in tech rivalry and tariff implications. The team tackles the complex dynamics shaping investment decisions and market behaviors.

Feb 14, 2025 • 35min
RenMac Off-Script: Valentine VAT
RenMac crew discusses the difference between a VAT and tariff, this week’s inflation data, our China/HK call, the notable deterioration in internal S&P trends, D’s leverage on DOGE, and this week’s mail-bag: gold.

Feb 7, 2025 • 35min
RenMac Off-Script: Thin Kids At Fat Camp
RenMac discusses implications of the latest employment report, the alignment of market’s message and economic data, Trump’s “Flood the Zone” strategy, what policy uncertainty means for markets, Jeff’s provincial pronunciation and the latest question from RenMac’s Mail-Bag

Jan 31, 2025 • 36min
RenMac Off-Script: Tick-Tock Tariffs
RenMac opines on tariffs and their economic impact, bar fights and political strategy, unpacking Jevon’s paradox, DeepSeek’s potential genome-sequencing moment for AI, handicapping this week’s confirmations, Fed’s outlook on inflation, the ongoing challenges in semiconductors, and RenMac’s mail-bag.


