Global Stocks Rally, Missing U.S. Data, and XRP’s Big ETF Debut: PALvatar Market Recap, November 13 2025

DB-Mar8, 2021. As treasury yields continued their ascent today, big tech stocks such as Alphabet Inc ($GOOGL) and Apple Inc ($AAPL) joined growthy darlings such as Tesla, Zoom, and Peloton in today’s sell-off with the NASDAQ 100 closing today down 11% from its highs. Real Vision editor Jack Farley welcomes Tyler Neville, senior editor of Blockworks, to break down the ongoing rout from growth stocks. Neville shares how he thinks this “bubble in duration” will end, where he sees opportunity in going short GameStop puts, and why he remains extremely bullish on Bitcoin. Learn more about your ad choices. Visit podcastchoices.com/adchoices

9 Maalis 202137min

Real Vision Live Replay. Former Enron CFO Andy Fastow is infamous for his role in Enron's collapse; however, since serving his time and reflecting on his actions, he has turned over a new leaf, speaking about ethics and the problem of "legal fraud". In this interview with Quinton Mathews, managing member at QKM, Fastow argues that the biggest problem is the incredible number of loopholes that exist, allowing executives like himself to mislead and misrepresent without ever breaking a specific law and even having these misleading statements signed off on by corporate lawyers and auditors. Using poignant examples from Enron and other companies, Fastow highlights many of these loopholes and makes the case that closing them alone could not prevent the problem. Since leaving prison, Fastow has also began investing in a potential solution—Keen Corp's natural language processing software, which he believes if implemented could help corporations to avert white collar crime and detect problems in their ranks before gaining too much momentum. Andy Fastow can be contacted at FormerEnronCFO@gmail.com and KeenCorp can be contacted at NorthAmerica@KeenCorp.com. Recorded on December 16, 2020. Key Learnings: "Fraud" is not always a question of breaking a specific law, and there will always be routes for executives to "legally" mislead and misrepresent. Investors conducting fundamental analysis must be cognizant of this and do their homework when examining financial statements. Learn more about your ad choices. Visit podcastchoices.com/adchoices

8 Maalis 20211h 35min

The Interview. Jason Wild, founder of JW Asset Management, sits down with Tony Greer, founder of TG Macro, to discuss his career journey from pharmacist to investor with a firm that oversees $1 billion through a mix of investments in pharmaceuticals and cannabis producers. Wild’s early success came from assembling Arbor Pharmaceuticals and later selling it to KKR in 2014 for a large profit. He used the proceeds to invest in major Canadian cannabis companies, and he has since become one of the first U.S. institutional investors in legal cannabis companies. Today he is building the global cannabis company TerrAscend, where he is Chairman. Recorded January 14, 2021 Key Learnings: Wild identifies the top cannabis stocks to invest in and why he focuses on operating in limited-license states where there is less competition. The COVID-19 pandemic has helped drive investor demand in the cannabis industry and states and voters are finally realizing that cannabis legalization is a solution to help revive the economy. Learn more about your ad choices. Visit podcastchoices.com/adchoices

7 Maalis 20211h 16min

The Interview: How you feel about gold, bitcoin, the Fed, or MMT probably has to do with how you answer the question, "What is Money?" In this interview with Mike Green of Logica Capital, Rohan Grey, assistant professor of law at Willamette University, argues that money is a construct of the law and as such is rooted in the social contract. In addition to discussing the importance of understanding this dynamic and its implications for crypto, MMT, and the banking system, Green and Grey explore the role of the law in society more broadly. Together they discuss the never ending dynamic between disruption and regulation, the rise of corporatism and the disenfranchisement felt by citizens who no longer feel able to affect change through the law, and the importance of civil discourse when discussing societies biggest problems. . Recorded on January 13, 2021 Key Learnings: Grey and Green highlight that the "opt out" ideology of hard money enthusiasts is driven by a correct assessment that the system is broken, but that their prescribed solutions will only exacerbate the problem and fail to solve the bigger issue of the disenfranchisement of an overwhelming majority of the populace. Learn more about your ad choices. Visit podcastchoices.com/adchoices

6 Maalis 20211h

DB-March5, 2021. Real Vision senior editor Ash Bennington welcomes managing editor Ed Harrison and editor Jack Farley to make sense of today’s confounding price action. Growthy names plummeted alongside re-opening stocks like cruise lines and airlines, only for a sudden risk reversal to take place midday for all U.S. stock indexes to end the day deep in the green. Harrison and Bennington analyze today’s non-farm payroll numbers, which showed strength in the labor market concentrated in the beleaguered leisure and hospitality sector. After the three explore how rising bond yields impact credit spreads and credit risk, Harrison investigates whether the rotation away from growth and into value and re-opening stocks will be a lasting trend. Farley provides data concerning SPACs, showing that the number of special purpose acquisition vehicles trading below $10 has steadily rose and why this could be another sign of the fragility of growth stocks. Learn more about your ad choices. Visit podcastchoices.com/adchoices

6 Maalis 202142min

DB-Mar4,2021. Peter Boockvar, CIO of Bleakley Advisory Group and editor of The Boock Report, joins Real Vision managing editor Ed Harrison to break down today’s volatile price action in bonds and high beta stocks. Boockvar explains that Fed Chairman Powell’s dovish comments earlier in the day triggered another sell-off in bonds as the market, emphasizing their fear of inflationary pressures to come in 2021, pushed back on the Fed for staying the course. Harrison and Boockvar explore a few different scenarios where the Fed could begin to move against the rise in rates including ramping up their bond buying programs and implementing yield curve control. They also examine the consequences of these actions and the possibility that the Fed will refrain from intervening until markets begin to break. Finally, Boockvar discusses equities, considering the potential winners and losers in this environment. Learn more about your ad choices. Visit podcastchoices.com/adchoices

5 Maalis 202125min

DB, Mar3, 2021: In the first segment, Lyn Alden of Lyn Alden Investment Strategy shares with Real Vision editor Jack Farley her thoughts on how the ongoing rout in U.S. Treasurys will amplify the rotation away from growth stocks and into cyclical stocks. Alden opines on how the Federal Reserve could aim to reassert control over the bond market, whether it be “Operation Twist” or yield curve control. In the second and final segment, Farley welcomes Howard Klein, founder and partner at RK Equity, to give a strategic update of key parts of the mining sector such as graphite, nickel, and, most notably, lithium. Klein shares news on lithium miners such as Albemarle Corp ($ALB), Livent Corp ($LTHM), and Piedmont Lithium ($PLL), to which Klein is an advisor and is also up over 1000% since September 1, 2020. Klein explains why he thinks we are at the beginning of a commodity bull market and shares his views on MP Materials ($MP) and Nouveau Monde Graphite ($NMGRF). Learn more about your ad choices. Visit podcastchoices.com/adchoices

3 Maalis 202142min

Crypto Wednesday. Erik Voorhees, CEO and founder of Shapeshift.io, joins Raoul Pal, Real Vision CEO, to discuss Shapeshift, the transition to a digital currency world, and some of the most exciting projects in crypto. Voorhees shares that Shapeshift was created when he realized that, for the industry to grow, people needed an easy way to swap between digital assets. He believes that society is actively transitioning from an analog fiat system of finance to a digital currency and blockchain one, and he has worked to support this transition with Shapeshift. Voorhees thinks that decentralized exchanges like Uniswap are some of the most important projects being built in crypto today, explaining that it’s critical to be able to trade in a decentralized and permissionless way. Key Learnings: The crypto ecosystem is still very young, but society is actively transitioning its financial systems to it. In order for this transition to happen fully, the sector needs to develop permissionless and decentralized infrastructure such as decentralized exchanges. These noncustodial exchanges are valuable to the security and permissionless nature of the system as a whole. Recorded on Jan 20, 2021. Learn more about your ad choices. Visit podcastchoices.com/adchoices

3 Maalis 202156min