The RenMac team discusses the solid payroll numbers, confirmation that we’re in an inflationary boom, Biden’s failure to reset at the State of the Union, administration supporting polices that make inflation worse not better, and a lot of bearish sentiment but little momentum at the moment.

RenMac discusses the impact of the Fed hiking into a booming economy, the dwindling prospects of Raskin’s confirmation, peak inflation but shifting into services, geopolitical tensions and their impact on gold and energy, Iranian deal implications and the convenient political timing on mask removals before Biden’s State of the Union.

RenMac team discusses opening Wordle words, NYC traffic, the broadening of inflation, permission for the Fed to go 50 bps in March, consumers resistance to higher prices, the counter-cyclical impact of short rates and oil, pandemic politics, and the unusual leadership of banks at this part in the cycle.

The RenMac team discusses the big jobs surprise amid Omicron fears, economic momentum for more aggressive rate hikes, the impact of a 49-50 Senate for Ds without Lujan on Biden’s Fed nominees and legislative agenda, international bonds breaking out, potential for asset deflation as the Fed fights inflation, cracks in concept capital, why apathy is better than emotion when picking stocks.

The RenMac team discusses what a potential Russian invasion could mean for energy markets and inflation, compensation growth exceeding productivity growth, how returns drive flows, and a desire for a steepening curve.

The RenMac team discusses Biden’s press conference and international ramifications, shifting sentiment with bears outweighing bulls, and the Fed’s proposed dot plot ahead of next week’s FOMC meeting, signs the pandemic might be ending, and what yields are saying.

RenMac reviews the political costs of inflation, how the new Fed nominees could impact policy, the importance of quality as liquidity normalizes, signs of a policy mistake and the outlook for 2022 as we progress toward the election.

The RenMac team discusses the collapse of concept capital, the Fed’s March glidepath, whether the Fed is offsides, inflationary buildup in the labor market, how Biden’s expected nominees will lead to politicization of the Fed, and tilting towards value.

RenMac debates Build Back Better vs Build Back at All, Powell’s latest thoughts, vacancies at the Fed, implications of the yield curve and the continued and expected deterioration of “concept finance”

Neil crashes “Off-script” from Miami to discuss inflation, while Steve views it thru the lens of fiscal policy and 2022 elections. Jeff discusses his discomfort with the flattening yield curve, the importance of the Fed’s balance sheet, and the fading of “concept capital”.