RenMac

RenMac discusses rising layoff signals and a Fed seemingly blind to softening labor data, Trump’s tariff maneuvering and how SCOTUS and Congress may (or may not) push back, the disconnect between affordability concerns and political rhetoric, and what 52-week highs and lows are signaling about market breadth. They also explore why crypto’s stalling, the shutdown’s drag on economic visibility, and the myth of recession-proof secular...

RenMac welcomes CNBC’s Mike Santoli to unpack the market’s bullish resilience amid growing macro cracks. The team debates Powell’s “hawkish cut” and its hit to mortgage rates, why housing remains in recession despite Fed easing, and how the AI boom is masking deeper labor and credit stress. deGraaf breaks down the difference between trend and momentum markets, Pavlick tracks Trump’s Asia trade push, rare earth strategy, and the pro...

RenMac breaks down a cooler-than-expected CPI print that cements the case for further Fed cuts and tempers tariff-fueled inflation fears. Neil dissects how weak rents and slowing jobs are driving disinflation, while Jeff explores the anatomy of bubbles and why gold’s surge is flashing early warning signs. Pavs tracks Trump’s escalating trade brinkmanship ahead of his Asia trip, the politics of aprolonged shutdown, and what to watch...

RenMac unpacks rising credit concerns as regional bankswobble and private equity stress builds, contrasting credit risk with last year’s duration scare. Jeff draws upon lessons from Sir Isaac Newton’s South Sea bubble FOMO as today’s liquidity and AI enthusiasm risk repeating history, while Neil flags widening cracks in labor markets and a still-too-tight Fed. Pavs updates the prolonged shutdown, Trump’s trade maneuvers ahead of a ...

Neil Dutta recently caught up with Michelle Meyer, Chief Economist at the MasterCard Economics Institute. From her perch at MasterCard, Michelle has a front seat to the US consumer. In this episode of the RenMac Legends Podcast, we talk about consumer trends and what's driving the recent strength, the benefits of large private sector data sets given the data fog due to the government shutdown, and a get into a bit of a back and...

RenMac debates whether the Fed’s planned cuts can offset aslowing labor market and rising unemployment, as markets bet liquidity will keep equities buoyant. The team discusses the deepening government shutdown and its missing “pain point,” the global drivers behind gold’s parabolic surge, andWashington’s growing industrial policy push into rare earths. They close by flagging warning signs in semiconductor sentiment and how shifting...

RenMac recaps client takeaways from London and Chicago,weighs the rising odds of a prolonged shutdown with Trump threatening permanent layoffs, and breaks down how tariffs, industrial policy, and Big Pharma deals are reshaping the landscape. The team flags complacency in recession odds,highlights sentiment risks in semis, and explains why healthcare’s pain may be setting up a long-term bottom — all while keeping an eye on discretio...

RenMac welcomes guest Sam Ro as the team unpacks Feddynamics as Trump appointees push aggressive cuts, rising odds of a government shutdown with threats of federal layoffs, and the latest wave of sectoral tariffs. They debate whether cooling labor markets could paradoxically boostmargins, explore the challenges of measuring productivity amid AI adoption, and assess what narrowing market breadth signals for equities heading into Q4.

RenMac discusses the Fed’s risk-management cut and the political dynamics shaping Powell’s next moves, why the internal divisions on rate cuts matter for markets, and what the latest housing and construction data signal for jobs andgrowth. The team also looks at how small caps and cyclicals are powering breadth in the market, whether momentum can outlast beta, and how tariff politics and regulatory shifts add new wrinkles to the ou...