Global Market Rally, Strong PMIs, and Crypto’s “Uptober” Surge: PALvatar Market Recap, October 3 2025

Global Market Rally, Strong PMIs, and Crypto’s “Uptober” Surge: PALvatar Market Recap, October 3 2025

🔥 Join the waitlist: realvision.com/waitlist ⬜ Welcome to Palvatar Market Recap, your go-to daily briefing on the latest market movements, global macro shifts, and crypto trends—powered by Raoul Pal’s AI avatar, Palvatar. ⬜ In today’s update, Palvatar highlights how U.S. and global equities continue their bullish run despite the ongoing U.S. government shutdown. Gold extends its winning streak, while oil lags behind. European and Japanese services PMIs show signs of strength, but the UK lags. In crypto, “Uptober” shines as Bitcoin and BNB rally, though ETF approvals may be delayed. Plus, a major merger in the Avalanche ecosystem points to a big Nasdaq debut ahead. 🔹 Why tune in? Stay ahead of market-moving developments with concise, data-driven insights. 🔹 Who should listen? Traders, investors, and macro enthusiasts looking for real-time market intelligence. 🍌 Get your Banana Zone swag at the Real Vision merch store: https://shop.realvision.com 1️⃣ This episode is brought to you by Figure, the platform to Earn and Borrow. Need liquidity without selling your crypto? Figure offers ⁠⁠⁠Crypto-Backed Loans⁠⁠⁠, allowing you to borrow against your Bitcoin or Ethereum with 12-month terms and no prepayment penalties. 2️⃣ They have the lowest rates in the industry at 8.91%, allowing you to access instant cash or buy more Bitcoin without triggering a tax event. Unlock your crypto’s potential today. 3️⃣ Visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠their ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠app to apply⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ for a ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Crypto Backed Loan⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ today! Visit ⁠⁠⁠⁠https://figuremarkets.com/borrow⁠⁠⁠⁠ for more information. Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries. Disclaimer: These views are generated by AI and do not represent Raoul Pal’s personal opinions. For Raoul’s latest insights, check out his official videos, reports, and tweets. Connect with Raoul: Twitter (X): https://twitter.com/RaoulGMI Instagram: https://www.instagram.com/raoulgmi/ LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/ Connect with Real Vision™ Online: Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Web: 🔥 https://rvtv.io/3Y4t5Pw Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pd Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Barry Silbert Forecasts the Future of Crypto

Barry Silbert Forecasts the Future of Crypto

Barry Silbert is the founder and CEO of Digital Currency Group, a cryptocurrency investment trust that is now worth as much today as the whole asset class was five years ago. In this conversation with Raoul Pal, Silbert discusses the long-term outlook for cryptocurrencies, as well as some of the most promising blockchain businesses being build today. This interview was published as a video on Real Vision in June, and the podcast introduction is provided by Alex Rosenberg. Learn more about your ad choices. Visit podcastchoices.com/adchoices

13 Sep 201949min

Are Unfunded Pensions Secretly Driving Markets? (With Brian Reynolds and Tyler Neville)

Are Unfunded Pensions Secretly Driving Markets? (With Brian Reynolds and Tyler Neville)

Brian Reynolds, former chief market strategist at Rosenblatt Securities, tells why unfunded pension liabilities are the real engine for the U.S. credit boom, and how this financial engineering has produced one of the greatest bull markets ever. A legal mandate requires these funds to earn 7.5% returns, and when they fail to do so, taxpayers foot the bill. As a larger percentage of these pensions are moved onto corporate balance sheets, the tightrope these pension funds walk gets more and more precarious. Learn more about your ad choices. Visit podcastchoices.com/adchoices

6 Sep 201941min

Bitcoin, Gold, and the Future of Macro Investing (Dan Tapiero with Raoul Pal)

Bitcoin, Gold, and the Future of Macro Investing (Dan Tapiero with Raoul Pal)

Bitcoin, Gold, and the Future of Macro Investing (Dan Tapiero with Raoul Pal) Learn more about your ad choices. Visit podcastchoices.com/adchoices

30 Aug 20191h 5min

Russell Clark - Devaluing the Chinese Renminbi

Russell Clark - Devaluing the Chinese Renminbi

Russell Clark of Horseman Capital warns that a Chinese currency shock could be the spark that burns down the entire global economy. In an hour-long conversation with Real Vision editor Roger Hirst, which was released as a video on Real Vision in July, Clark forecasts that Chinese policymakers will eventually respond to the trade war by changing the rules of the currency game. He then walks through the massive consequences that he believes this action could have. Intro provided by Alex Rosenberg. Learn more about your ad choices. Visit podcastchoices.com/adchoices

23 Aug 201937min

Real Vision Classics #5 - Josh Wolfe interviewed by Michael Green

Real Vision Classics #5 - Josh Wolfe interviewed by Michael Green

What will the future look like, and what will that future mean for businesses and investors? Michael Green of Thiel Macro sits down with Josh Wolfe of Lux Capital for an incredibly though-provoking conversation about technology, manufacturing, the economy, and investment opportunities. Alex Rosenberg introduces the audio version of this long piece, which was filmed in June 2018. Learn more about your ad choices. Visit podcastchoices.com/adchoices

18 Jan 20191h 21min

Real Vision Classics #4 - Raoul Pal interviewed by Dee Smith

Real Vision Classics #4 - Raoul Pal interviewed by Dee Smith

Social media power, the proliferation of artificial intelligence, and the destruction of the rules-based global order. How are these massive trends connected? Raoul Pal, CEO of Real Vision and the mind behind the Global Macro Investor, sits down with Dee Smith of Strategic Insight Group for a wide-ranging and deep-diving conversation about these topics and more. Alex Rosenberg introduces the audio version of this long piece, which was filmed in August. Learn more about your ad choices. Visit podcastchoices.com/adchoices

11 Jan 20191h 14min

Real Vision Classics #3 - Stanley F. Druckenmiller Interviewed by Kiril Sokoloff

Real Vision Classics #3 - Stanley F. Druckenmiller Interviewed by Kiril Sokoloff

One of the most widely watched videos on Real Vision this year was investment visionary Kiril Sokoloff’s interview of hedge fund legend Stanley F. Druckenmiller. Now we are releasing the audio version of this incredible interview to podcast listeners. Alex Rosenberg and Brian Price introduce the piece, which was filmed in September. Learn more about your ad choices. Visit podcastchoices.com/adchoices

4 Jan 20191h 30min

Real Vision Classics #2 - Joe Duran Speaks to Brian Price

Real Vision Classics #2 - Joe Duran Speaks to Brian Price

One of the most beloved videos released this year on Real Vision was our interview with Joe Duran, the founder and CEO of United Capital. Now we are allowing podcast listeners a chance to hear the full audio version of the piece. The man who conducted the October interview, Brian Price, introduces it alongside fellow Real Vision editor Jake Merl. Learn more about your ad choices. Visit podcastchoices.com/adchoices

28 Dec 201852min

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