Jason Trennert’s recovery from cancer
Cancer might be a wake-up call — often to the issues we haven’t absolutely appreciated in life.
For Jason Trennert, one of those issues was compliance conferences.
Like many on Wall Street, the 57-year-old head of Strategas Research Partners — recognized for his prophetic, contrarian bets on the success of President Trump and many of his controversial insurance policies — had always dreaded long, tedious periods with legal professionals combing via regulatory paperwork.
These days, Trennert says the prospect of those mind-numbing obligations is one of the best issues about getting up in the morning.
“I hated certain things like those compliance meetings, and would do anything to avoid them,” Trennert told me last week in his first interview about the sickness.
“Now I can’t wait to go to one because it’s just a privilege to be alive.”
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For the past 12 months, Trennert has been sidelined present process numerous grueling remedies to eradicate cancer from his blood system.
Rounds of chemo and stem cell therapies left him 45 factors lighter and bald.
He missed work usually because he merely couldn’t stroll.
Among the facet effects is kidney failure; he’s looking for a donor and does dialysis 3 times a week.
Now Trennert’s back — perhaps not 100% — however good enough to each work and return to his standard spots on financial TV, including an look last week on Fox Business (the place I’m employed).
The docs say his cancer is in remission.
He’s optimistic about getting a kidney transplant.
As for his story, it’s one I can recognize as a cancer survivor myself: You want it on no one, however it’s the final humbling experience, the great equalizer that doesn’t discriminate, and makes you cherish just residing.
Jason Trennert, 57, is battling cancer.
Force on Wall Street
Full disclosure: I take into account Trennert a pal.
We met on the set of CNBC some twenty years in the past the place we instantly bonded over our obsession with markets and boxing.
He began Strategas round that time and shortly constructed it into a power on Wall Street, an worldwide business advising hedge funds, mutual funds, pension funds and sovereign wealth funds.
A man named Scott Bessent was a consumer.
In 2024 Trennert was in the combine for a big job inside the Trump White House — a “life goal,” he tells me.
His long relationship with Bessent actually helped, and he was supplied the publish of assistant Treasury secretary for financial markets, basically the nation’s top bond salesman.
But just as the press release on the appointment went out, Trennert started experiencing extreme migraines.
Trennert is at present the head of Strategas Research Partners. DavidBeyda.COM 212-967-6964
At first he didn’t assume something of it; he had those in the past and so they subsided with some simple meds.
This time they didn’t.
Further assessments revealed a diagnosis no one desires to listen to: a kind of blood cancer that responds only to the most aggressive remedies.
Trennert checked himself into Memorial Sloan Kettering — and a profession that confirmed no limits out of the blue hit a big one.
The stem cell and chemo remedies he acquired made him sicker than he ever felt in his life.
He credit his companions Nicholas Bohnsack and Dom Rissmiller for retaining the business working.
There have been other setbacks.
The kind of cancer Trennert has damages the kidneys; they often restore on their own.
In Trennert’s case, they didn’t.
He is looking for a donor.
His spouse, Bevin Trennert, plans to donate one of hers — which doesn’t match her husband’s — to Weill Cornell’s so-called lottery system, the place Jason will get a voucher for one when a match is discovered.
Man of religion
“I’ve always been a faithful guy, going to church every week. I love my wife and my kids,” Trennert said.
“My wife has been amazing,” he says, as have pals including Bessent.
Nevertheless, Trennert also admits the emotional harm has been intense: “I was in shock for months. My personality vanished. I was so depressed.”
Slowly however certainly, Trennert has recovered, mentally and bodily.
That’s particularly great news as Wall Street gears up this week to attend the globalist World Economic Forum in Davos, Switzerland.
For years Trennert has been a uncommon mainstream economist who has seen the confab as a waste of time, far faraway from the financial considerations of average Americans as attendees offer a preachy mix of globalism and progressive dogma.
Trennert’s contrarianism on Davos is now more widely accepted.
No shock that he was perhaps the only financial guru who noticed the populist Trump phenomenon coming, predicting back in 2015 that the New York real estate baron and actuality TV star had a likelihood to turn into president because he spoke to the considerations of center America.
Since then, Trennert has been prescient on the success of Trump’s tax cuts and deregulation.
He also predicted the failure of Joe Biden’s leftist expansion of authorities and obscene spending, warning that it might spark inflation that we haven’t seen in many years.
His level of insight is uncommon, and we’re all better off having his voice back in the combine.
“Things are really looking up,” he told me.
“Like I said, I’m happy to be alive.”
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