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Federal Reserve
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Labor Market
Housing Market
Interest Rates
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U.S. Economy
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Stock market commentary from Wall St thought leaders in strategy, economics, technical analysis and policy. Disclaimer ..........This Podcast Audio Show has been prepared by Renaissance Macro Research, LLC (“RenMac”), an affiliate of Renaissance Macro Securities, LLC.This Podcast Audio Show is for distribution only as may be permitted by law. It is published solely for information purposes; it is ... more

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Artwork for RenMac

Latest Episodes

RenMac breaks down the SpaceX IPO frenzy, why history suggests caution around the most anticipated market debuts, and how stronger inflation and labor data are shifting the Fed conversation toward a more hawkish stance. The team also discusses privat... more

RenMac small cap strategist Kevin Dempter joins Off-Script to discuss what's driving small cap outperformance since Liberation Day and whether the run has room to go. The team digs into the technical setup in regionals and biotech as potential breako... more

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 mod... more

Zach Pandl, Head of Research at digital asset manager Grayscale Investments, joins the RenMac Off-Script team to discuss the Clarity Act's path through Congress and how stablecoins are challenging banks' monopoly on digital payments. The team also di... more

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Recent Guests

Zach Pandl
Head of Research at Grayscale Investments, crypto-focused asset management
Grayscale Investments
Episode: RenMac Off-Script: Seeking Crypto Clarity
Ozan Korman Tarman
Vice Chairman of Global Macro at Deutsche Bank
Deutsche Bank
Episode: RenMac Off-Script: Around the World with Ozan
Rich Clarida
Former vice chairman and member of the Federal Reserve; global economic advisor at PIMCO
PIMCO
Episode: RenMac Off-Script: Clarida Gives RenMac Clarity
Michael Allen
Former top US national security official; geopolitical risk and government strategy advisor
Beacon Global Strategies
Episode: RenMac Off-Script: Strait Talk*
Rory Johnston
Leading independent oil expert, founder of Commodity Context
Commodity Context
Episode: RenMac Off-Script: Escort No Shows & Stripper Wells*
Sara Eisen
CNBC Anchor with extensive experience in financial news
CNBC
Episode: RenMac Off-Script: Big Tech Faces Capex Conundrum
Nick Timiraos
Chief economics correspondent for the Wall Street Journal, covers the Fed
The Wall Street Journal
Episode: RenMac Off-Script: Fed Forecast Folly*
Kelly Ann Shaw
Former Deputy Assistant to the President for International Economic Affairs with a significant background in trade policy.
Aiken Gump
Episode: RenMac Off-Script: Trad(ing) Tensions
Mike Santoli
Award-winning journalist covering Wall Street for over 20 years
CNBC
Episode: RenMac Off-Script: Enough Bad to Be Good

Hosts

Steve Duttonhoffer
Host of RenMac Offscript with Renaissance Macro Research; senior macro strategist
Neil Dutta
Host/Contributor; macro economist with deep policy and data analysis
Steve Pavlik
Co-host; market strategist focusing on policy and macro themes
Jeff DeGraff
Co-host/analyst; strategy and market commentary

Reviews

4.6 out of 5 stars from 154 ratings
  • Lost a listener

    Not cool making a “joke” about the man that was shot to death by ICE agents in Minneapolis.

    Apple Podcasts
    1
    maybdihjlz
    United States4 months ago
  • Big Dip In Quality

    Notable fall off in quality since Trump returned to the White House and Dutta has been in full time audition mode for a role at the Fed and / or Treasury. Back to a five star review if you can convince your economist to drop the five mins he spends each episode talking how DJT has owned the libs this week.

    Apple Podcasts
    2
    concertedeffort
    United States5 months ago
  • Love this pod

    These guys are money. Neil gives great nuanced view of economic data, and Jeff’s decades of experience provides insight into how Wall St works and what drives markets (hint: it’s usually not the economy). Pavlick wraps up the details of whats happening in washington, and talked about Govt shut down in July before anyone thought it possible!!!

    Apple Podcasts
    5
    Rustynyc
    United States7 months ago
  • A+

    This is the real All In podcast

    Apple Podcasts
    5
    BDruhot
    United States7 months ago
  • What a douche

    High school was great

    Apple Podcasts
    5
    Seattle_99
    United States9 months ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Audience appreciates concise 10–15 minute macro recaps and clear takeaways for portfolios.
Listeners value sharp macro insights and practical market synthesis.
Some criticize heavy political framing or audio quality; content quality is praised when guests provide actionable context.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Talking Points

Recent interactions between the hosts and their guests.

RenMac Off-Script: Seeking Crypto Clarity
Q: Zach, is Circle purely a crypto play or also a broader financial institution play given rate dynamics?
Circle sits at the intersection of crypto and traditional finance; its performance is tied to stablecoin adoption and broader crypto asset ecosystem growth, as well as interest-rate driven margin dynamics, making it a hybrid play beyond pure crypto exposure.
RenMac Off-Script: Seeking Crypto Clarity
Q: Zach, you mentioned Circle in your opening remarks. Is that a play on interest rates, and does higher rates benefit Circle's business?
Yes, Circle functions as a crypto beta and a rates beta; higher rates bolster Circle's net interest margins because they earn interest on short-dated Treasuries while stablecoins pay near zero on interest, making the environment of rising rates advantageous for Circle's revenue.
RenMac Off-Script: Seeking Crypto Clarity
Q: What do traditional economists miss about the intrinsic value of cryptocurrencies?
The discussion suggests that intrinsic value is not captured by simple accounting identities; the broader macro impacts, wealth effects, and non-traditional use cases of crypto and digital assets matter more than narrow GDP accounting, indicating a more complex valuation framework.
RenMac Off-Script: Around the World with Ozan
Q: What are your favorite sentiment indicators and are we in a period of exuberance for equities?
Ozan suggests that while there is interest and appetite among different investor horizons, breadth is not showing broad exuberance; the market features a few leadership names while many areas lag, indicating cautious optimism rather than full exuberance.
RenMac Off-Script: RenMac’s Breadth Problem
Q: How much weight should we give to the 1Q26 earnings relative to the Iran war effects for 2Q26?
Earnings remain a primary driver for market support, but the gap between nominal growth and real income suggests earnings alone may not sustain growth; the Iran-related energy price/production implications could matter more in the second quarter as policy and energy dynamics unfold.

Audience Metrics

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Frequently Asked Questions About RenMac

What is RenMac about and what kind of topics does it cover?

This show delivers concise, data-driven macro and market analysis with a heavy emphasis on economics, policy, and financial markets. Roundtable hosts frequently dissect market breadth, sector leadership, energy dynamics, and global macro developments, often tying tactical portfolio implications to Fed policy, geopolitical risk, and regulation. Guests with deep expertise in macro policy, finance, and energy markets are common, and episodes mix technical insight with pragmatic takeaways for investors and asset allocators. A standout aspect is the quartet's ability to fuse rigorous economics with real-time market color and occasional geopolitical context, making it useful for listeners who want fast, decision-ready perspectives across stocks, ... more

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Which podcasts are similar to RenMac?

These podcasts share a similar audience with RenMac:

1. On The Tape with Danny Moses
2. Monetary Matters with Jack Farley
3. RiskReversal Pod
4. Forward Guidance
5. The Meb Faber Show - Better Investing

How many episodes of RenMac are there?

RenMac launched 7 years ago and published 517 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on RenMac?

Recent guests on RenMac include:

1. Zach Pandl
2. Ozan Korman Tarman
3. Rich Clarida
4. Michael Allen
5. Rory Johnston
6. Sara Eisen
7. Nick Timiraos
8. Kelly Ann Shaw

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