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.

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.

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 and calendar quirks, and attempts to exploit those difference to his client's advantage. He’s built a first class business while being true to his family and partners. Here’s our conversation.

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.

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.

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.

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.

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.

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.

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.