About this episode

The episode discusses the current market conditions, AI's impact on speculation, and various economic risks affecting consumers and housing.

RenMac unpacks a market at new highs despite slowing growth, softening real consumption, and rising real rates acting as a drag beneath the surface. The team debates AI-driven speculative behavior, a fragile consumer distorted by nominal spending and gas prices, housing that likely needs job losses to reset, and why markets are dismissing oil, policy, and Fed risks that haven’t hit earnings yet. We also welcome you to access “deGraaf: Fading the Fads” report: https://start.renmac.com/4-17-2026-fading-the-fads

Topics covered

• market highs
• AI-driven behavior
• consumer spending
• housing market
• oil risks
• Fed policy

Keywords

• Allbirds
• real consumption
• gas prices
• job losses
• earnings

Mentioned in this episode

Products: Allbirds

Books & works: deGraaf: Fading the Fads

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