This edition of RenMac Offscript features a discussion among Steve Duttenhofer, Neil Dutta, Steve Pavlik, and Kevin Dempter, who is filling in for Jeff. They analyze the latest jobs report, with Neil expressing concerns about underlying weaknesses despite seemingly positive surface-level data. Kevin provides insights on small-cap performance, highlighting the strength in materials, particularly precious metals. Steve analyzes Trump's meetings with Putin and Xi, focusing on trade tensions and potential shifts towards export controls. The panel also discusses the implications of the Supreme Court potentially weighing in on tariffs and the fallout between Trump and Musk, including its possible impact on Tesla and SpaceX. Finally, they answer a mailbag question about what might prompt the Fed to take action and preview key events and data to watch in the coming week, including inflation data and potential shifts in market momentum.
