

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

Nov 22, 2024 • 19min
RenMac Off-Script: The Treasury Apprentice
RenMac discusses:Latest developments with Trump appointmentsThe horserace for Treasury secretaryOngoing weakness in labor demandLow bulls in Treasuries are bullishImpact of political appointments on specific sectors

Nov 15, 2024 • 31min
RenMac Off-Script: Solid but Cooling
RenMac discusses latest inflation data and the impact on the Fed, what labor market’s are telling us about trajectory, Latest Trump nominations, Bitcoin Breakout, Bullish cyclical call stands in stark contrast to weak semiconductors.

Nov 8, 2024 • 25min
RenMac Off-Script: The Great Growth Re-Rate
Jeff, Neil, and Steve discuss:Expectations between now and electionAccuracy of betting markets in defense of price discoveryThe big losersPath of unified governmentInflation expectationsCyclical trade and market’s messageLabor market conditionsPowell’s futureImportance of personnel to discern direction forward

Nov 1, 2024 • 31min
RenMac Off-Script: October Surprise
RenMac talks about the payroll surprise, the importance of NC and PA to Trump and Harris, elevated equity volatility and quiescent credit spreads and the Fed’s path into year’s end

Oct 25, 2024 • 26min
RenMac Off-Script: Is Kamala Under-Valued?
RenMac discusses the process of price discovery in the political prediction markets, the current state of the horserace, the outlook for employment, why Kevin Warsh is off-base in his criticism of the Fed’s September decision, and market seasonality.

Oct 18, 2024 • 26min
RenMac Off-Script: Banker in Training
RenMac discusses this week’s data, the prospects of a shadow Fed Chair, the latest polls and candidates’ performance, China and how the overbought condition in yields tilts us toward cyclicality.

Oct 11, 2024 • 27min
RenMac Off-Script: Trump Bump
Delve into the shifting polls hinting at Trump's rising popularity amid a low-key news cycle. Analyze the unique strategies candidates are using to energize their bases as the election looms. Explore how inflation and employment data are influencing the Federal Reserve's decisions. Unpack the potential market shifts post-election, particularly regarding tariffs and small-cap stocks. Plus, uncover the role of international tensions and former Presidents in rallying rural voters for upcoming electoral battles.

Oct 4, 2024 • 26min
RenMac Off-Script: A Jobs Jolt
RenMac discusses the latest payroll surprise, the impact Helene is having on polling, China’s historic market strength, the improvement of cyclicals vs defensives, political October surprises and the upcoming inflation data.

Sep 27, 2024 • 20min
RenMac Off-Script: China Turns
Neil cameos from Oktoberfest while Steve and Jeff discuss the equity strength in China, Kamala’s border visit, the empty promises made by both camps prior to elections and the marginal improvement in bitcoin.

Sep 20, 2024 • 23min
RenMac Off-Script: Sticking the Landing
RenMac discusses the expected 50bps rate cut, implications for future cuts, the trajectory of the data going forward, the market impact and the latest polling around battleground states.


