RenMac

Jeff deGraaf, Neil Dutta, & Stephen Pavlick
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Jan 24, 2025 • 32min

RenMac Off-Script: Inaugural Excoriation

RenMac discusses the busy week in Washinton, a reminder that the cameras are always on, the importance of oil to growth and inflation, executive order perspective, new highs in SPX and STOXX 600, market internals and the importance of 10yr yields.
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Jan 16, 2025 • 21min

RenMac Off-Script: Inflation Sensation

RenMac discusses the renewed improvement in consumer price inflation, the term premium as a driver of bond yields, the outperformance of financials and why value should continue to work in Q1, and a quick recap of Trump’s cabinet picks that are testifying on the Hill.
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Jan 10, 2025 • 17min

RenMac Off-Script: Yields Take Their Toll

RenMac discusses why the latest jobs number validates the Fed’s recent pivot and why this risks a passive policy tightening, the impact of higher yields on stocks, and President-Elect Trump’s views on territorial control over Greenland.
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Jan 3, 2025 • 28min

RenMac Off-Script: Uninspiring-ISMs

Jeff, Neil and Steve discuss the latest data from ISM, Johnson’s speakership, the dollar, yields, executive actions and the momentum factor in 2024 and implications for 2025.
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Dec 27, 2024 • 24min

RenMac Off-Script: Trump Bump or Slump

RenMac discusses Speaker Johnson's future, the contrast in conference board confidence now versus 2016, lingering continuing clams data, the bounce in equities, the opportunities in Hong Kong and China and next week's data.
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Dec 20, 2024 • 25min

RenMac Off-Script: Jay Sees Ghost of Christmas Past

RenMac discusses Musk’s government shutdown, the politics behind Powell’s statement, Beta’s vulnerability, the decaying wall-of-worry and the potential for a currency crisis.
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Dec 13, 2024 • 25min

RenMac Off-Script: Bond Bull in a China Shop?

RenMac discusses the latest inflation data, why the data may be trending better for bonds than the consensus, how equity factors are set-up, the power vacuum in Syria, what’s behind Trump’s inauguration invite of Xi’s and Chinese equities.
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Dec 6, 2024 • 25min

RenMac Off-Script: Pardon the Payrolls

RenMac discusses the latest payroll data, bubbling animal spirits and sentiment, an update to our market cycle clock and pardon implications and precedents.
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Nov 29, 2024 • 26min

RenMac Off-Script: Overconfident?

RenMac discusses the mismatch between housing data and consumer confidence, the motivations behind Trump’s initial tariff salvo, how seasonality and sentiment are likely to play out in equities and the vulnerability created by the weak Russian Ruble.
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Nov 26, 2024 • 42min

RenMac Legends: A Conversation with Scott Bessent - (originally produced Feb 2021)

In early 2021, I had the opportunity to catch up with a good friend of mine through the years, Scott Bessent. Given Scott's new role as incoming Treasury Secretary under President elect Trump, I thought it might be helpful to understand how Scott thinks about and sees the world. Here's our conversation from 2021.

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