Jeff, Neil and Steve discuss Powell’s status, the surge in 5yr break evens, gold’s message, the importance of the Gubernatorial race in Virginia, the bearish relative trend change in consumer discretionary names, and the supportive sentiment and seasonal environment for stocks.
Oct 22, 2021•14 min
Join the RenMac team as they discuss the Congressional calendar crunch, how the growing reliance on reliance on fossil fuels is benefiting Vladmir Putin, the inflation boom, and how Biden’s climate policy discourages fossil fuel production.
Oct 15, 2021•14 min
RenMac reviews McConnel’s strategy with Schumer, weaker payrolls and the implications for Fed policy, Late-cycle and sentiment, supply-chain issues, Manchin drops the F-bomb and the importance of better or worse versus good or bad on Wall Street.
Oct 08, 2021•17 min
RenMac debates the political gamesmanship out of Washington, Senator Warren’s swipe at Powell, the resignation of 2 Fed hawks, the status of backlogs and end-user demand, the abundant oversold conditions in industry groups, rising yields and the bullish complacency found in corporate credit.
Oct 01, 2021•16 min
RenMac discusses this week’s hawkish message out of the Fed, the importance of the breakout in 10-year yields, its implication for higher yields on industries, the political wrangling’s in Washington as Presidential approval erodes, and Neil’s new ground-breaking diet plan.
Sep 24, 2021•13 min
Mike Masters of Masters Capital Management has had a storied career in the investment business. From his days in the pool as an All-American swimmer at The University of Tennessee to his first job as a retail stockbroker and finally as the head of his eponymous named firm, Mike’s focus on process and his sheer willingness to succeed has served his investors well. As one of the most active institutional users of derivatives on the street, Mike understands mismatches in perceptions, expectations a...
Sep 18, 2021•40 min
Today Neil, Steve and Jeff discuss the strength and resilience of the consumer, the seasonality of equities and cyclicality, the important dates for upcoming votes in Washington and the Feds taper/rate hike schedule.
Sep 17, 2021•13 min
Give us 13 minutes, we walk you through the strength of labor demand, why Biden’s speech is a sign that COVID concerns have likely peaked, how much of the negative sentiment might already be priced into equities, the latest news from DC and why the odds of a government shutdown are 25% and rising as the month progresses.
Sep 10, 2021•13 min
RenMac dives head-first into today’s jobs number, the importance of employment distribution in the numbers, the impact it is likely to have on Fed tapering, the political infighting starting to develop among Ds in DC and the markets unwavering trend.
Sep 03, 2021•12 min
The RenMac Team discusses supply conditions impact on inflation, a daunting Congressional calendar in September, how Biden’s nominees will shape the Fed, and taking the foot off the market accelerator.
Aug 27, 2021•13 min
RenMac discusses the Biden’s challenge with budget reconciliation process, the oversold condition in energy and materials, the breakout in the dollar, the nagging and persistent breadth divergence, the inflation picture, and Steve’s foray into fatherhood.
Aug 20, 2021•16 min
Give us 18 minutes, we run through the recent movement in inflation, why it will not necessarily sway the Fed but has brought more of a political response from the Biden administration. In the markets, we highlight the pick-up in financials, particularly outside of banks and why this is not a growth versus value market, but one where you should focus on quality.
Aug 13, 2021•19 min
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.
Aug 06, 2021•16 min
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 31, 2021•42 min
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 30, 2021•18 min
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 23, 2021•16 min
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 16, 2021•11 min
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 10, 2021•41 min
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 09, 2021•18 min
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.
Jul 02, 2021•15 min
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, an...
Jun 26, 2021•46 min
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.
Jun 18, 2021•16 min
The RenMac team discusses the latest inflation report, the impact of a decline in the 10-year Treasury, and U.S. efforts to counter China.
Jun 11, 2021•16 min
Stan Weinstein was the editor and author of "The Professional Tape Reader", and the 1988 book "Secrets for Profiting in Bull and Bear Markets", where he describes his 4-stage approach to security analysis. Stan has been actively engaged in the markets since the early 1960 and has been credited with some of the most important calls over the last 50-years, due in no small part to his rigorous process and stage analysis.
Jun 05, 2021•59 min
RenMac sifts thru the payroll data, the improvement in REITs, increased pressure on China, the primary duty of elected officials and next week’s inflation numbers.
Jun 04, 2021•14 min
Steve, Neil and Jeff discuss the passing of the infrastructure deadline, the trend of inflation, Biden’s $6T budget proposal, the breakout in industrial transportation names, the mix between goods and services, next week’s jobs number and the improvement in gold.
May 28, 2021•15 min
RenMac discusses the regulatory environment around crypto, the temporal difference between Fed minutes and data, the yield curve and the breakout in gold.
May 21, 2021•15 min
Renmac talks about the latest inflation data, the timing of the CDC’s decision, the oversold condition in technology, lending standards and the marginal borrower, and the psychological importance of normalcy.
May 14, 2021•16 min
RenMac discusses the disappointing jobs number, the “disincentive to work” theory, the implications of FBs ongoing ban on Trump, the continued strength seen in sectors that are historically mid-cycle, Yellen’s comments on rates and the future of policy post today’s jobs number.
May 07, 2021•14 min
Ned Davis has been actively involved with the markets for 53-years, starting his eponymous firm NDR in 1980. Despite all the systems, technology and experience at his disposal, he continues to find utility in and rely upon some of the most traditional tools available. Today we discuss what works, what doesn't, how markets have changed as well as some of our stories and interactions through the years. Here's our conversation........
May 01, 2021•44 min
