RenMac Off-Script: Payrolls, PMIs & Poolside Predictions

In this episode of RenMac Offscript, Steve Duttenhofer, Jeff DeGraff, and Neil Dutta discuss the latest market trends, economic data, and policy impacts. Neil analyzes the recent jobs report, highlighting concerns about the work week, breadth of employment growth, and wage growth cooling off, while Jeff shares his bullish outlook on the markets, driven by sentiment, positioning, and seasonality, noting the potential for industrial leadership. The conversation covers global PMIs, asset allocation strategies favoring commodities, and the predictive power of the yield curve and PMIs. The hosts also answer a listener question about factors affecting the predictive power of economic indicators, and preview key economic data and market internals to watch in the coming week.