macro strategy
Macro Strategy Built on Process, Not Prediction
Jeff deGraaf’s macro and technical strategy has been stress-tested across growth, inflation, liquidity, and policy regimes, integrating decades of experience and proprietary data into a repeatable, process-driven interpretation of market behavior.
The Questions Most Frameworks Avoid. The Answers RenMac Is Built to Provide.
Markets ask questions that generic frameworks avoid. RenMac's macro strategy process is built to engage them directly:
- What does current yield curve behavior imply for cross-asset positioning?
- When does currency strength signal equity regime change versus transitory momentum?
- How should macro data divergence be weighted against technical participation signals?
- At what point does volatility cross from noise into structural shift?
Monday Morning Macro — Start the Week With the Framework, Not the Noise.
Every Monday, RenMac opens the week with our flagship product, the Monday Macro Meeting. Whereas the RenMac Off-Script Podcast is a casual review of the past week, the Monday Macro Meeting is focused on what’s ahead and how we are thinking about it.
This 20-minute live call and replay are only available to active clients and members. Sample available upon trial registration.
Research Designed for Investment Processes
RenMac’s macro strategy is structured for institutional decision-making environments, including CIO meetings, asset allocation discussions, and risk reviews.
clients receive
Daily technical updates focused on market structure
Weekly strategy briefings outlining macro developments
Sector and factor rankings based on quantitative scoring
Thematic positioning frameworks aligned with market conditions
Direct dialogue with senior analysts
Our goal is to provide a consistent framework for evaluating whether market developments reflect short-term noise or broader changes in conditions.
Insights
Recent Macro Strategy Insights
Explore recent analysis from our macro strategy team, including updates on market conditions, sector positioning, and cross-asset relationships.
Common Questions About Macro Investment Strategy
What distinguishes RenMac’s macro strategy approach?
We eliminate blind spots by triangulating three distinct disciplines—fundamental economics, policy analysis, and quantitative technicals—into a single actionable playbook. Rather than pushing rigid, static annual forecasts, our framework dynamically tracks market regime shifts in real time. We focus on where consensus positioning is vulnerable and where the asymmetric risk/reward edge actually lives.
How does technical analysis fit within macro strategy?
Technical analysis is our real-time truth meter. Economic data is lagged and frequently revised; price action, breadth, and market structure show what capital is actually doing right now. We use technicals to time-test macro hypotheses, validate regime changes, and prevent portfolio managers from fighting powerful underlying market momentum or chasing false narratives.
Is this framework intended for tactical or long-term use?
It bridges both. We track multi-year structural regimes (inflation cycles, policy shifts, and productivity waves) to establish high-conviction strategic bias. At the same time, we use tactical market indicators to identify short-term dislocations, optimal execution windows, and risk-management levels. The goal is to inform your strategic view while sharpening your daily desk execution.
How does economic analysis integrate into the strategy?
Policy sets the rules, economics drives the cycle, and price action determines the payout. We don’t analyze macroeconomic data in a vacuum. Every inflation print, central bank signal, and fiscal policy shift is evaluated through a strict market-impact lens to determine how it will reprice asset classes, sectors, and factors.
How often do you publish?
We publish daily. That said, we subscribe to a “less is more” mentality. Anyone with a computer can write a blog or white paper. The analysts at RenMac believe in brevity. Our messages are clear and concise, supported by charts. In a world of information overload, we strip out the noise and get straight to the point.
What’s your elevator pitch?
At RenMac, we lean heavily into our independence. We have no Director of Research shaping a firm-wide narrative, no investment banking, no actively managed funds to promote, and no agenda beyond producing actionable research. As the data evolves, so do our views. Many firms publish a January outlook and spend the rest of the year defending it. We simply call it as we see it.
Can RenMac tailor macro strategy work to specific portfolios?
Beyond our broad institutional research, our senior strategists work directly with portfolio managers to stress-test specific asset allocations, factor exposures, and benchmark constraints against our macro models. Clients don’t just receive static reports; they get an active sounding board for their risk-takers.
How do you translate top-down macro views into actionable equity sector and factor tilts?
We bridge the gap between asset allocation and stock selection. Our quantitative equity strategy maps macro regimes directly to factor performance, such as momentum, value, quality, and market-cap preference, alongside granular sector recommendations. This gives equity portfolio managers clear parameters for where to take active risk and where to stay defensive as cycles turn.
What role do options market dynamics and volatility play in your research?
Options market structure, specifically volatility skew, dealer gamma positioning, and flow dynamics, frequently dictates short-term price discovery. We track options market positioning to measure market fragility, map out major pin/support levels, and identify asymmetric risk/reward structures. This helps clients hedge tail risks cost-effectively or structure options trades that align with our high-conviction macro views.
How do institutional teams typically interact with and consume RenMac’s research?
We offer flexible delivery tailored to your desk’s workflow. Clients access our research through core macro notes, high-frequency chartpacks, bespoke data feeds, and direct analyst contact. Whether through one-on-one strategy calls, pre-market briefings, or customized portfolio stress-testing, our team functions as an extended, real-time strategy resource for your investment committee and risk takers.
Engage With RenMac’s Macro Strategy
Macro strategy benefits from a consistent and structured approach. RenMac’s framework is designed to support institutional investors in evaluating market conditions and integrating macro analysis into portfolio discussions.