RenMac Off-Script: Shoot ‘em in the Back

About this episode

RenMac discusses the equity markets at all-time highs and the underlying late-cycle stress, focusing on various sectors and global economic factors.

RenMac discusses the equity markets at all-time highs as signs of late-cycle stress accumulate beneath the surface and capital chases the parabola in tech. The team breaks down the historic tech-vs-healthcare disparity in their SERM excess-return model, the tops forming in payments, financials, and crypto, and the Bermuda Triangle of private credit, life insurance, and reinsurance that could become the next pressure point. They also explore Iran's fragile 60-day ceasefire, a global rate-hike cycle that may be doing the Fed's work and the wealth-effect grip on consumer spending.

People in this episode

Hosts: Jeff deGraaf, Neil Dutta, Stephen Pavlick

Topics covered

• equity markets
• late-cycle stress
• tech vs healthcare disparity
• private credit
• global rate-hike cycle
• consumer spending

Keywords

• equity markets
• tech
• healthcare
• crypto
• consumer spending
• global rate-hike
• private credit

Mentioned in this episode

Organizations: RenMac, Fed, crypto, healthcare, payments, financials, private credit, life insurance, reinsurance, tech

Places: Iran

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