May 22, 2026 · 26 min · 13 segments
Leading strategist Jason Trennert identifies AI demand, deglobalization and expansive fiscal and monetary policies as powerful inflationary forces that will determine investment winners and losers for…
Jason TrennertGuestConsuelo MackHostI began our conversation by asking Trennert to identify the most powerful macro trends he is tracking now.
The most powerful macro trends that we're tracking now would be, uh, increased government spending, uh, and inflation.
Uh, and I think it has a lot to do with, uh, growing populous sentiments around the world, as well as its kind of, uh, stepsister, which is de-globalization.
Uh, I think there's a lot of people a- around the world that have been skeptical, remain skeptical about elites, uh, and their solutions to problems, and people are getting much more interested in their own sovereignty.
Uh, and so i- if you start doing things, uh, and creating redundancies, that can get expensive.
And so for investors, I think it, it's important to maintain some inflation hedges, uh, against both your equity and your fixed income portfolios.
I began our conversation by asking Trennert to identify the most powerful macro trends he is tracking now.
The most powerful macro trends that we're tracking now would be, uh, increased government spending, uh, and inflation.
Uh, and I think it has a lot to do with, uh, growing populous sentiments around the world, as well as its kind of, uh, stepsister, which is de-globalization.
Uh, I think there's a lot of people a- around the world that have been skeptical, remain skeptical about elites, uh, and their solutions to problems, and people are getting much more interested in their own sovereignty.
Uh, and so i- if you start doing things, uh, and creating redundancies, that can get expensive.
And so for investors, I think it, it's important to maintain some inflation hedges, uh, against both your equity and your fixed income portfolios.
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