French Consumption, German Unemployment, and U.S. Tariff Tensions: PALvatar Market Recap, May 28 2025

Brent Johnson, CEO of Santiago Capital, is joined by Steven Van Metre of Steven Van Metre Financial to discuss the most pressing issues on the macro horizon. After exploring whether quantitative easing (QE) and low rates are inflationary or deflationary, Johnson and Van Metre take a deep dive into the plumbing of the Treasury market and specifically the operations of the Fed's FOMC. Van Metre explains why he believes the Fed's policies have actually caused banks to tighten their lending standards rather than loosen them as the Fed intended. The pair then take a look at swap lines and the Eurodollar funding market as well as the effect a credit contraction would have on the U.S. dollar. Lastly, Van Metre talks about his Real Vision journey and how the knowledge he’s gained has helped him as an investor as well as a financial advisor.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

27 Sep 20201h 12min

What happens when the monetary and fiscal engines run too hot? This is the question that Larry McDonald, New York Times bestselling author and founder of the Bear Traps Report, explores with Real Vision CEO, Raoul Pal. McDonald and Pal start by analyzing the valuations of high-flying tech stocks and discuss whether they will continue to soar or make an early landing. The pair then examine in detail the remarkable price action seen over the past few months in commodities such as precious metals, lumber, and natural gas. McDonald compiles this appreciation as evidence to explore his thesis that excessive stimulus could serve as a "cobra effect" to augur a hyperinflationary economic collapse.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

26 Sep 202053min

Managing editor, Ed Harrison, and senior editor, Ash Bennington, come together to analyze the price action in stocks, bonds, and currencies. Ed looks forward to his interview with Leon Cooperman, and Ash interprets the latest economic data, including today’s dismal print for durable goods orders. They then consider the latest political news and discuss how the upcoming presidential election will impact markets. In the intro, Ash speaks to Real Vision editor, Jack Farley, about stocks, credit spreads, and a steepening VIX curve. Learn more about your ad choices. Visit podcastchoices.com/adchoices

25 Sep 202036min

Managing editor, Ed Harrison, hosts managing editor, Roger Hirst, to break down wild market swings that have characterized the last week of price action. Roger explores key retracement levels in the IBEX and FTSE 100 as well as the recent weakness in bank stocks, using his analysis from his latest episode of “The Big Conversation.” Ed then discusses the momentum shift over the past two weeks from growth to value through the lens of his interview with Ben Inker, heir apparent to Jeremy Grantham at GMO. The pair then look at the head-and-shoulders pattern in the U.S. Dollar Index (DXY) and explore whether currencies could be a release valve for volatility adjustment. In the intro, Ed speaks to Real Vision reporter, Haley Draznin, about the steady rise in jobless claims released today, which signal continuing layoffs as the economy recovers slowly from the coronavirus pandemic. Learn more about your ad choices. Visit podcastchoices.com/adchoices

24 Sep 202029min

Managing editor, Ed Harrison, joins Dave Floyd, founder of Aspen Trading, to review and analyze today’s price action. Ed and Dave first discuss the continuing sell-off in equities and examine Dave’s bearish position on the S&Ps. They also consider the dollar’s move upward, what opportunities may exist for the yen as a result, and how low volatility in bonds is prompting higher volatility in the FX space. Finally, Dave shares his thoughts on the sell-off in silver, explains what technicals he uses to manage the trade, and at what levels he’ll retest his bullish thesis on precious metals. Learn more about your ad choices. Visit podcastchoices.com/adchoices

23 Sep 202023min

Senior editor, Ash Bennington, welcomes back Tony Greer, editor of the Morning Navigator, to discuss the ongoing inflation trade. Tony expounds on his bullish posture toward oil and some of the technical indicators he uses to analyze different securities. He also reviews some of the current policy stances that emerged from last week’s FOMC meeting, explaining how he leverages these policy shifts to seek out price inflation across different asset classes. Real Vision reporter Haley Draznin monitors the continued volatility in the markets and addresses the potential risks investors are paying close attention to in the coming weeks including another stimulus relief bill out of Congress, a new spending bill, and surging coronavirus cases in the U.S. and abroad. Learn more about your ad choices. Visit podcastchoices.com/adchoices

22 Sep 202032min

Real Vision senior editor, Ash Bennington, and managing editor, Ed Harrison, discuss a volatile day in markets. Ed and Ash analyze today’s sell-off in stocks, gold, and silver as well as a significant rally in bonds. They then consider the resignation of Nikola founder, Trevor Milton, the rumors of European bank consolidation, and the passing of Supreme Court Justice Ruth Bader Ginsberg. Ed looks forward to his interviews with Jim Berry, Deloitte’s U.S. real estate leader, and Ben Inker, head of asset allocation at GMO. Lastly, Ash speaks to Real Vision editorial intern Bryce Zuccoli, who was recently diagnosed with COVID-19. Learn more about your ad choices. Visit podcastchoices.com/adchoices

21 Sep 202032min

If you haven’t been living under a rock, you’ve probably heard the narrative that cities are dead and that white collar workers, now unburdened by the ability to work from home, are fleeing to the suburbs as fast as they can. Logan Mohtashami, lead analyst at Housing Wire, explains to Real Vision’s Ash Bennington why it is nothing more than an interesting narrative. He goes on to add that, aside from a few pockets in New York and San Francisco, the relative strength in the suburban housing market is being driven by the only factors that matter -- demographics and mortgage rates. Bennington and Mohtashami also drill down on the relationship between bond yields and mortgage rates and the knock-on effects into housing demand that you could see depending on different scenarios for those rates.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

20 Sep 202052min