US Inflation Cools, China Tariff Truce, and UK Jobs Data: PALvatar Market Recap, May 13 2025

Managing editor, Ed Harrison, is joined by Jay Pelosky, co-founder and CIO of TPW Investment Management, to provide an update on his current outlook amid a turbulent election and uncertain future with stimulus and COVID-19. Pelosky argues that markets are getting closer to end of this period of peak uncertainty around these variables and that deep cyclicals like airlines and oil will rally sharply higher. Pelosky also explains that as the election race comes to a close, markets have been oversold in the past week and are becoming more comfortable with the idea of a split government as investors gain clarity. He digs further into the question of stimulus - a matter of “when,” not “if” - and contends that a vaccine may roll out sooner than stimulus, which would cause the markets to react aggressively, raise rates, and could set up a rotation trade out of tech and into cyclicals. Finally, he also discusses asset allocation and his thesis of a tripolar world. In the intro, Real Vision's Haley Draznin looks at markets rallying as the U.S. presidential election outcome is still uncertain and analyzes the K-shaped recovery that continues to form as the job market remains high. Learn more about your ad choices. Visit podcastchoices.com/adchoices

5 Nov 202048min

In light of the market rally along with election uncertainty today, Ash Bennington & Ed Harrison ask, "just what exactly are the markets celebrating?" Learn more about your ad choices. Visit podcastchoices.com/adchoices

4 Nov 202038min

Real Vision senior editor Ash Bennington welcomes Hari Krishnan, head of volatility strategies at SCT Capital, to break down the hidden forces driving markets on U.S. election day. Disagreeing with the linear narratives about how election results impact markets, Krishnan instead analyzes the market plumbing, looking at the trend spike in the Federal Reserve’s balance sheet, interest rate volatility, and the likely forced selling options dealers’ will have to conduct should the S&P 500 start to show weakness. After Krishnan shares with Bennington his theory explaining the “kink” in the VIX futures curve, he imparts the following advice to traders: “never panic.” In the intro, reporter Haley Draznin breaks down investor optimism in global equities, the impact of high turnout of U.S. voters, and the halting of Ant Group’s massive I.P.O. Recorded on Nov 3, 2020. Learn more about your ad choices. Visit podcastchoices.com/adchoices

3 Nov 202044min

Real Vision senior editor, Ash Bennington, welcomes Tommy Thornton, president of Hedge Fund Telemetry, to break down his framework for trading markets as the U.S. Presidential election rapidly approaches. Thornton looks at market sentiment and trader positioning, concluding that investors are net long this market, which limits upside potential, with extremely low short interest. Bennington and Thornton explore price action in European markets and look forward to vaccine news. Thornton then describes several trades he sees in cannabis and coffee, advising viewers on the value of holding dry powder as well as not getting sucked into narratives. In the intro, editor Jack Farley takes a look at Europe’s lockdowns, election odds, and price action in the credit markets. Learn more about your ad choices. Visit podcastchoices.com/adchoices

2 Nov 202033min

Michael Saylor, chairman & CEO of MicroStrategy Inc., joins Real Vision CEO, Raoul Pal, to discuss MicroStrategy’s major Bitcoin acquisitions. Saylor describes his background, what led up to the creation of MicroStrategy, and its recent push to bring Bitcoin into the corporate world. He explains his first encounter with cryptocurrencies and how his views on it have evolved over the years. Saylor touches on the power and value of Bitcoin and its unique utility of being able to convey “100 million dollars across 100 years.” Finally, Saylor shares how they store the Bitcoin owned by MicroStrategy and the timeline of the investment. Filmed on September 16, 2020. Learn more about your ad choices. Visit podcastchoices.com/adchoices

1 Nov 20202h 2min

Not only is art one of the oldest asset classes in the world, but it also is one of the best performing. In this interview with Real Vision’s Max Wiethe, Scott Lynn, CEO of Masterworks, makes the case for investing in “blue-chip art” and explains how his company is bringing this asset class traditionally reserved for the ultra-rich to a whole new cohort of investors. Together, Lynn and Wiethe discuss “blue-chip art” and how not all artists are made the same when it comes to the returns, explore the art market’s relative outperformance and correlations with other asset classes, and finally how Masterworks’ new business model, allowing investors to buy shares of art from some of the world’s most famous artists, is completely changing the market. See important information: masterworks.io/disclaimer Learn more about your ad choices. Visit podcastchoices.com/adchoices

31 Okt 202043min

Strauss Zelnick, chairman and CEO of Take-Two Interactive and partner at ZMC, joins headhunter Christian Alexander of Macro Link to share the lessons he learned on his journey to the top of the media world. Take-Two Interactive is one of the largest gaming companies, and its stock is up over 900% since Zelnick became its CEO in 2011. Zelnick discusses his investment philosophy and compares the advantages and disadvantages of the film business, the music business, and the video game business. He also analyzes various secular trends on his radar including the widespread adoption of big data usage, a trend he calls "the data explosion." Recorded on September 23, 2020. Learn more about your ad choices. Visit podcastchoices.com/adchoices

31 Okt 202037min

Managing editor, Ed Harrison, welcomes Stephen Kalayjian, chief market strategist of Ticker Tocker, to discuss the elevated levels of volatility and his forward outlook for markets over the coming months. With the U.S. election coming up in less than a week, Kalayjian describes how not only are markets are being worn down by the torrent of uncertainty surrounding policy outcomes with each respective administration, but also by how the sensitivity of this year’s election and the events that will unfold in the coming weeks are keeping markets on edge with COVID-19 exacerbating tensions further. He explains where he sees the opportunities and downside risk in U.S. equities in light of these circumstances and why the perception of economic growth in large cap tech stocks will propel their prices up further for the rest of 2020 through the beginning of 2021. Real Vision reporter Haley Draznin analyzes the U.S. economy's record GDP growth, but explains the real obstacles going forward that will slow the recovery, perhaps severely. Learn more about your ad choices. Visit podcastchoices.com/adchoices

29 Okt 202028min