Trading the Markets: October 1, 2025 | Kris Bullock and Bijan Maleki

In the first segment, Real Vision CEO Raoul Pal speaks to the mayor of Miami, Francis X. Suarez, about his plans to attract talent, jobs, capital, and “anchor tenants” to Miami as well as his embrace of blockchain technology. Mayor Suarez can be found on Twitter at @FrancisSuarez. In the main segment, senior editor Ash Bennington speaks to Ben Hunt, author of Epsilon Theory, about the ways in which the United States can better protect itself from the scourge of COVID-19. Hunt acknowledges that the variants of the virus might impair economic growth yet contends that asset markets might continue to prove resilient. Lastly, Hunt shares with Bennington his view on the run-up in SPACs as well as “meme stocks” such as GameStop ($GME). Bennington concludes by giving a sneak peek of tomorrow’s event, “Bitcoin in the Real World.” Join Real Vision and BlockFi on February 4 for a free one-day online event. RSVP at realvision.com/blockfi. Learn more about your ad choices. Visit podcastchoices.com/adchoices

4 Helmi 202156min

Real Vision senior editor Ash Bennington welcomes Tony Greer of TG Macro to give an overview of GameStop as $GME and other retail favorites such as $AMC and $BBBY continue to unwind. Tony and Ash discuss the market mechanics behind margin requirements and liquidity concerns with Tony pulling no punches as he discusses key actors such as Dave Portnoy. Tony then proceeds to provide a strategic update on his natural resources trade as crude oil hits a new high and its futures curve enters backwardation. Lastly, Tony shares with Ash his outlook on the FAANG stocks, cannabis, and the velocity of money. Learn more about your ad choices. Visit podcastchoices.com/adchoices

2 Helmi 202148min

DB-Feb1,2021: Real Vision’s Haley Draznin explores how the Reddit mania is spreading from Gamestop to the precious metals market like silver and even SPACs. In the main segment, Real Vision managing editor Ed Harrison conducts a data-filled deep dive of the ongoing pressures in GameStop Corp ($GME), looking at factors such as the declining short interest to renewed activity in far out-of-the-money call options. Ed rejects the theory that silver will be the next hotspot of speculative activity and notes that natural gas was actually up more than silver today. Lastly, Ed and Jack discuss potential endgame scenarios for the speculative mania in distressed equities like GameStop, and Ed shares an update on COVID-19 variants. Learn more about your ad choices. Visit podcastchoices.com/adchoices

1 Helmi 202145min

RealVision Live Replay, Recorded on September 14, 2020.Global macro investing is one of the most complex styles of allocating capital, as the data sets one has at their fingertips is just so large: non-farm payrolls, currency volatility, even high-frequency foot traffic. In this interview, Amlan Roy, head of global macro research at State Street Global Advisors, speaks to Real Vision CEO about how incorporating demographics within one's macro framework can help find the signal in the noise and give investors an edge. Roy discusses how demographic patterns map onto common macro data, such as growth rates, discount rates, savings rates, as well as interest rates, the ultimate macro statistic. This is the second installment in Raoul's multi-part exploration into how demographics affects global economics and finance.. For Raoul's first interview with chief investment officer Fredrik Nerbrand, click here: https://www.realvision.com/shows/the-big-picture/videos/demographics-i-pensions-in-crisis. Learn more about your ad choices. Visit podcastchoices.com/adchoices

1 Helmi 20211h 21min

The Interview: Recorded on Dec 4 , 2020: With cases spiking and economic data surrounding the recovery slowing or outright rolling over in many cases, it appears as though a hard winter is in store for the global economy. Gary Shilling, president of A. Gary Shilling & Co., is well known for having forecasted these types of downturns in the past and, along with Real Vision's Ed Harrison, discusses why he thinks we are in store for another economic downturn this winter. Shilling highlights real economic data like slowing job gains, increased COVID-19 deaths, and the potential for renewed economic shutdowns, but he cautions that the strange correlation, where bad news equals more stimulus and thus is bullish for equities, can draw out irrationality longer than investors might expect — even if stimulus fails to fully replace economic losses in the long-term. Shilling and Harrison also discuss his investment ideas that arise from this forecast: cautiously short equities, short dollar, and long treasuries. Key Learnings: The real economy and market are once again moving in the opposite direction. Shilling argues that this disconnect will close and that the long bond may be the best way to play to it. He also sees the stimulus feedback loop as putting more downward pressure on the dollar. Learn more about your ad choices. Visit podcastchoices.com/adchoices

31 Tammi 202153min

The Interview. Recorded on Nov5,2020 : Cloud investor Gordon Ritter, founder of Emergence Capital, one of the first venture capital firms to invest exclusively in software-as-a-service, or SaaS, manages portfolio companies that have a market cap of $400B+ and 13 IPOs or exits greater than $500 million, including high-profile exits like Zoom and Salesforce. He joins Real Vision founder and CEO, Raoul Pal, for a conversation about the evolution of the software sector, how fast the SaaS investing market is today, the future of machine learning, the challenges ahead in data privacy, and the digitization of education. Filmed November 5, 2020. Key Learnings: The premise of SaaS is that a piece of software is hosted on a cloud infrastructure (operated through a web browser), and businesses pay a monthly fee to get access to this software. Investors in SaaS companies have reaped huge benefits, and the widespread adoption of SaaS platforms across business and personal applications doesn't appear to be slowing down. Learn more about your ad choices. Visit podcastchoices.com/adchoices

30 Tammi 20211h 12min

DB-Jan29,2021: In the intro, Real Vision senior editor Ash Bennington speaks to Lily Francus, derivatives trader and PhD candidate in Bioinformatics at the University of California San Diego, about the unique market mechanics that have characterized the run in GameStop Corp ($GME). In the main segment, Ash welcomes managing editor Ed Harrison and editor Jack Farley to debate whether the Robinhood ban on trading is unfair and if it reveals unseen holes in the functioning of capital markets. Jack provides data on options flow in $GME, and the three explore whether the wall of gamma will break down or get even higher, agreeing that Monday will be a turning point as this is when $GME calls with higher strike prices could get written (and can be bought by retail traders). Ash and Ed discuss how susceptible the various COVID-19 variants are to the vaccines and how their ominous spread will impact the reflation trade. Learn more about your ad choices. Visit podcastchoices.com/adchoices

30 Tammi 202158min

DB-Jan28,2021: Dave Floyd, founder of Aspen Trading, joins Real Vision managing editor Ed Harrison to talk about the newest developments in the GameStop story and the market implications of elevated activity in options trading. Floyd expresses his concern over the restricted buying over GameStop and other equities experiencing similar price action that occurred today, stating that it’s bizarre and ludicrous to mandate how traders allocate their capital, which cuts to the core of ongoing social issues. However, he explains that the anger arising from these circumstances is misdirected as the market environment and price discovery has continuously been muddled by regulations and monetary policy. Harrison and Floyd move on to discuss the equity market at large, and he explains that the record number of call options being purchased and puts being sold at open can introduce a destabilizing effect on markets. In light of this high implied volatility, he then expounds on how this impacts futures, the dollar, and time horizons, and what trades he has his eye on now. Jack Farley breaks down the saga of GameStop Corp ($GME) and how forced buying is turning into forced selling. Learn more about your ad choices. Visit podcastchoices.com/adchoices

28 Tammi 202136min