RenMac Off-Script: Fine… For Now

RenMac breaks down a labor market that remains stable but uneven, with AI and data center investment continuing to drive hiring, manufacturing, and market leadership while housing, services, and consumer-sensitive sectors soften beneath the surface. The team discusses why slowing wage growth and rising gasoline prices leave the Fed stuck on hold, how semis and tech are entering historic “bubble” territory, and why private credit stress, Iran tensions, and China negotiations could become the next catalysts for volatility.