RenMac Off-Script: Breaking the Markets is Easier than the Economy

The RenMac team discusses the Republican resurgence in polls and betting markets, some concerns in the latest GDP report and how it might impact the Fed’s steps next year, why residential investment might not be as much of a drag moving forward, resetting the market to higher interest rates, the sentiment/seasonality mix, FANG pains, and the disconnect between what should be happening versus what is happening.