RenMac talks about the challenges facing the Fed in the months ahead with robust wages, inflation and GDP, what is in the American Family Plan, the increased competition between stocks and bonds given yield parity, sentiment and importance of market momentum, and the impact the Census outcome will have on mid-term elections
Apr 30, 2021•14 min
In 14m RenMac discusses DC Statehood, the SEC’s new found interest in SPACs, 96% of names above 200-day MA, the importance of discretionary names, absolute breakouts in staples and utilities not confirmed by relative strength, and is the slowing reopening data effected by the end of spring break.
Apr 23, 2021•14 min
Richard Chilton is the founder, chairman, CEO and CIO of Chilton Investment Company. He's been on the vanguard of investment trends for over 40-years staring in M&A, cutting his teeth as a small cap manager at Alliance in the 80s, starting his hedge fund in 1992 and trust company in 2011. Richard shares with us his investment philosophy, stories from his mentors, the importance of philanthropy as well as his journey with wine. Here's our conversation.....
Apr 17, 2021•56 min
The RenMac team discusses the outlook for a weaker dollar, the admission of errors by pollsters, concerns about peak economic growth and what recent fundraising numbers says about Trump’s sway over the Republican Party.
Apr 16, 2021•14 min
Neil’s recent vacation confirms his data, the challenges of awakening corporate culture, how specialty retail is confirming the housing cycle, and the challenges of a global tax rate.
Apr 09, 2021•16 min
Cathie Wood has a meticulous and unique research process. In this 2 half of our conversation, we discuss how she procures ideas, determines when she's wrong, thinks about value and a few of her themes for the 21st Century. Here's our conversation......
Apr 03, 2021•47 min
Cathie Wood and the ARK Innovation fund have become poster children for this bull market. Cathie invests in disrupters and innovators, but those are not just buzz words, they are part of a meticulous process, one that does take into account valuation, but also dares to imagine how some of these companies can and will change the world for the better. She herself has been a disrupter all her life, and the combination of technologic change, her faith and her intuition triangulated almost a decade a...
Mar 27, 2021•32 min
RenMac discusses Biden’s 1st news conference as President, dispelling some of the myths surrounding the Fed, the normalization of economic surprises on the market, looking for a 7-figure employment print, Taiwan/China relations, and what was in Biden’s cheat sheet?
Mar 26, 2021•13 min
RenMac discusses the uselessness of the Index of Leading Economic Indicators, what indicators are useful for forward returns in the S&P 500, the Biden team’s recent skirmish with China’s delegation, and why next week’s data are likely to be dollar bullish.
Mar 19, 2021•18 min
Tom Gallagher was a Washington Policy Legend on Wall Street for decades. We first crossed paths at Lehman Brothers in the late 1990s and then I had the good fortune of working with Tom at ISI and at the Scowcroft Group over the last 15-years. He’s officially retired, but ever the student of policy and politics, he’s as sharp as ever and his perspective and insight were always something I appreciated, and today was no exception…….here’s our conversation:
Mar 13, 2021•47 min
RenMac looks at the latest inflation data and market implications, the wish lists in the stimulus bill, importance of 52-week highs in equities and James Carville’s accurate assessment of lockdowns.
Mar 12, 2021•15 min
RenMac discusses the strong jobs data, stimulus flirting with the upper end of the range, rates and the duration trade, where we are in the economic cycle and the need for thoughtful and credible messaging as we reopen.
Mar 05, 2021•14 min
300 years ago in London, the South Sea Bubble was deflating. It created vast fortunes for a few like Thomas Guy who used it to establish the eponymous Hospital in London, and financial disaster for other like Sir Isaac Newton who was lured back into the waters only to lose a fortune for himself and others. Professor Andrew Odlyzko from the University of Minnesota has studied the South Sea Bubble, what was happening, its characteristics and what we can learn from it, here's our conversation.....
Feb 27, 2021•53 min
RenMac discusses the move in the Treasury markets, the quiescent response in Corporate credits, who is Elizabeth MacDonough and how might she be assisting Schumer, a memo from Arthur Burns to Jimmy Carter, and the data packed week ahead.
Feb 26, 2021•17 min
RenMac debates the overwhelmingly strong economic data, the vaccination of the most vulnerable, how it impacts the COVID relief, how and where yields start to negatively impact equities, the future of the Republican Party, and California’s “unique” prioritization of front-line workers
Feb 19, 2021•15 min
Scott worked with some of Wall Street's most prominent investors before starting Key Square in 2016, the largest hedge fund launch of that year. His mentors include Jim Rogers, Jim Chanos, Stan Druckenmiller and George Soros, and it was with Stan and George in 1992 that he played an important roll in thier understanding the BoE's untenable position as it related to defending the Pound and raising rates. These mentors as well has his Father's love of science fiction all account for Scott's unique...
Feb 13, 2021•42 min
RenMac discusses the outlook for inflation, the current extreme positioning in the bond market, Biden’s 180 on semiconductors’ strategic importance, handicapping impeachment, and the week ahead
Feb 12, 2021•13 min
In 16m, RenMac discusses the trend in gold, how today’s job numbers factor into stimulus negotiations, at what point is inflation not “transitory”, and how we should be thinking about this in regards to the RenMac market cycle clock.
Feb 05, 2021•14 min
In 15m RenMac talks about the benefits of short-sellers in a market, the pitfalls of an SEC overview, Cruz and AOC, latest GDP figures and China’s recent saber rattling over Taiwan.
Jan 29, 2021•15 min
Noah runs over $5B as the growth manager of the Dynamic Funds out of Toronto Canada. He enters his 23rd year at the wheel, and has seen every type of market, and navigated deftly. His process continually places him in the 98th percentile as a growth manager, and while fundamentally biased, he keeps his head on a swivel and one eye on the macro-environment. Here's our conversation.....
Jan 25, 2021•46 min
RenMac discusses Biden’s first few days, how China doves mysteriously transitioned into hawks, housing and its importance, setting an artificially low bar and the building bubble in assets
Jan 22, 2021•17 min
In 15m RenMac discusses the Biden’s stimulus plan, the expectations of policy and the likelihood of something less, Powell green lights assets inflation, and the importance of contrarian thinking around words and rhetoric versus facts.
Jan 15, 2021•14 min
RenMac sorts through the news of the week. December jobs report was soft but with stronger details. Additional fiscal stimulus is on the way as GA goes blue. This is going to find its way into asset prices.
Jan 08, 2021•16 min
RenMac handicaps political winners/losers of stimulus, the great inflation debate, deGraaf’s “Perpetuity Effect”, what Fed’s comments mean for asset prices and Neil’s definition of a “Powder Day”.
Dec 18, 2020•14 min
US equities are in an unambiguous uptrend. The energy sector is breaking out after a long funk, but we’re skeptical this means anything for price inflation just yet. Plus the latest on fiscal negotiations in DC: both sides are likely to drop their must haves for a slimmed down relief bill before year end.
Dec 11, 2020•15 min
RenMac plays “Pardon Bingo”, latest on stimulus package, excessive sentiment readings in equity markets, economic bears are policy advocates, it remains about credit not COVID.
Dec 04, 2020•17 min
