Real Vision: Finance & Investing

Senior editor, Ash Bennington, welcomes back Tony Greer, editor of the Morning Navigator, to discuss the latest in markets. Tony breaks down what he’s seeing in the tech shakeout and explains how he’s approaching the recent correction in equity markets. He walks through the indicators he watched and how that guides his investment decisions. Ash and Tony then discuss the ongoing suppression of oil...

Real Vision senior editor Ash Bennington hosts managing editor Ed Harrison to discuss the animal spirits that are driving this market. After reviewing historical financial panics, Ed and Ash take another look at whether options mania is exerting influence on equity price action. They explore the “Softbank narrative” through the lens of volatility investor and arbitrageur Benn Eifert, and examine h...

Bill Fleckenstein, president of Fleckenstein Capital, sits down with Rick Rule, president and CEO of Sprott U.S. Holdings Inc., to talk about the macro drivers of the recent precious metals bull market and what to look for when investing in miners. Using their decades of experience in the industry, Rule and Fleckenstein explain why regardless of a specific price target and because precious metals...

For much of the population, analysis and projections of COVID-19 cases, mortality, and the associated policy response have brought forward the importance of statistical analysis and modeling techniques that many have never learned and, at best, probably haven't used since long past college years. This has resulted in heated debate, politicization, and huge differences in policy decisions and attit...

Real Vision CEO Raoul Pal is joined by senior editor Ash Bennington to reflect on the latest financial newsflow as well as Real Vision's new projects. After briefly discussing oil’s recent price action of oil, Raoul and Ash break down how the Fed's action is affecting different segments of the credit market, and they also weigh in on Jeffrey Gundlach's recent comments that default rates on high-yi...

Real Vision managing editor Ed Harrison is joined by Tyler Neville to discuss how the recent market sell-off may have been a temporary equity volatility-driven event due to credit spreads. They question where economic growth is going to come from and how funding in the private markets may fuel it. Real Vision reporter Haley Draznin weighs in on the juxtaposition between the real economy and the fi...

Real Vision senior editor Ash Bennington is joined by managing editor Ed Harrison to discuss the market plumbing that’s fueling the wild price action on Wall Street. Ed and Ash first break down the tremendous pressures on banks, which find themselves in a cash-strapped economy lending to businesses with drastically-curtailed incomes. Ed then weighs the notion that central banks are ‘cartels’ in th...

Real Vision senior editor Ash Bennington is joined by Jared Dillian, editor of The Daily Dirtnap, to discuss the dramatic turmoil playing out in equity markets. Dillian discusses how the speculative bets in derivatives markets affect price action, and provides greater clarity on Softbank’s role in the ongoing saga. Dillian and Bennington also discuss Tesla’s selloff, the upcoming Canadian election...

In this Real Vision Daily Briefing, managing editor, Ed Harrison, and senior editor, Ash Bennington, answer questions from Real Vision subscribers, about markets, their respective journeys, as well as Real Vision itself. Ed shares his experience of working in the foreign service, and he describes how his time spent working in the fixed income markets caused him to become more receptive to Austrian...

History is often overlooked and misunderstood, especially financial history. Dan Oliver of Myrmikan Capital, LLC and Simon Mikhailovich, managing director of The Bullion Reserve, explain the role of gold and the credit cycle through history, comparing today to the credit crises that have occurred roughly every 100 years since the 1720's – the Mississippi Bubble in France, Europe's reckoning with a...

Milton Berg, Founder and CIO of Milton Berg Advisors, joins managing editor Ed Harrison to analyze the technical patterns and market internals on his radar. From his repository of over 10,000 indicators, Berg selects and discusses the ones he thinks are most compelling, such as 5-day breadth thrust, consecutive volume-up days, and the put/call ratio. Berg then observes that the equity markets are...

Real Vision CEO, Raoul Pal, is joined by senior editor, Ash Bennington, to reflect on a week of extreme price action. They analyze the dramatic crash of U.S. equities on Thursday and its connection to the speculative activity in derivatives markets. After weighing the significance of Softbank’s unmasking as the big “NASDAQ Whale” that has been buying a massive amount of calls on big tech stocks, R...

Senior editor, Ash Bennington, hosts Dave Floyd, founder of Aspen Trading, to discuss the levels he’s looking at after U.S. equity markets cratered today. Dave considers whether there are structural changes occurring in the markets and provides his insight into the frothiness by drawing comparisons between now and markets in the early 2000s. He also breaks down his tactical approach and how he mak...

Senior editor, Ash Bennington, joins managing editor, Ed Harrison, to talk about the risk of an equity drawdown for retail investors in particular. Ed and Ash explore how market volatility is increasing and the fact that bond yields globally have converged to zero makes a drawdown that much more severe. They also talk about how the activity in the derivatives market is playing into the uptick in m...

Senior editor, Ash Bennington, hosts Tony Greer, editor of The Morning Navigator, to discuss how the Fed’s “inflation running hot” memo has been translated by the markets. With a weakening dollar, rally in TIPS, and a steeper yield curve, Tony argues that the asset price inflation happening is the way the Fed had intended it to be and that understanding how the Fed fits into the equation will shap...

How is it that the real economy can be so weak while the asset markets continue to fly? Real Vision managing editor Ed Harrison explores this and more with senior editor Ash Bennington. Ed and Ash discuss the ever-widening chasm between Wall Street and Main Street and use Hyman Minsky’s “two-price model” as a framework to understand this dichotomy, and they analyze how asset markets have responded...

Diego Parrilla, portfolio manager and author of "The Anti-Bubbles" and "The Energy World," returns to discuss his poignant predictions that are coming to fruition one-by-one in this conversation with Real Vision CEO and co-founder, Raoul Pal. As well, Parrilla gives a master class on how he has developed his own macro framework and the subsequent portfolio construction and management that has serv...

 David Samra, Portfolio Manager of Artisan Partners’ International Value Fund, speaks with Real Vision managing editor Ed Harrison about the subtle art of value investing. Samra, who defines value investing simply as buying something well below its intrinsic value, shares the four criteria he and his fund use when looking at stocks: undervaluation, quality, financial strength and management alignm...

Real Vision senior editor, Ash Bennington, and managing editor, Ed Harrison, react to the new U.S. consumer spending report out today from the Commerce Department. Despite gains for three consecutive months, momentum fell as the COVID-19 pandemic lingers and fiscal support dries up. They also discuss inflation rhetoric following yesterday’s announcement from the Fed to keep interest rates lower fo...

With just days to go before The Festival of Learning kicks off on Wednesday Sept 2nd, Real Vision Co-Founder and CEO Raoul Pal and Real Vision Co-Founder and Chief Creative Officer Damian Horner hosted a Pre-Party. They announced more than 10 new additions to the festival line-up, answered your festival questions, and lots more. Don’t have a ticket yet? You’re running out of time… Get your ticket...

Senior editor, Ash Bennington, hosts Tommy Thornton, founder of Hedge Fund Telemetry, to check the pulse of the market. Tommy discusses how frothy markets have seen price action heavily skewed by sentiment, and how, with companies withholding guidance for the year, investors are flying blind. He and Ash go over some of the tools Tommy utilizes to examine market trends and momentum, explore how sho...

Senior editor, Ash Bennington, joins managing editor, Ed Harrison, to discuss risk assets, credit markets, and the fiscal cliff. Within an environment of secular stagnation, they talk about the cross-asset play between bonds and equities as well as how overall credit tightening in the financials sector and the velocity of M2 money plummeting will have pernicious effects on growth. They also consid...

Senior editor, Ash Bennington, hosts Tony Greer, editor of The Morning Navigator, to continue their discussion of the wild inflation trade. They first look at ExxonMobil getting the boot from the Dow Jones and how it reflects a weak energy sector and the rotation of tech upward, describing how the boom across tech subsectors are correlated to Fed policies. Tony also notes how the baton has been pa...

Real Vision senior editor Ash Bennington hosts managing editor Ed Harrison to make sense of a series of financial news stories -- from the so-called “K-shaped” recovery to the struggles American college towns are facing to Facebook CEO Mark Zuckerberg’s ringing the alarm bell on TikTok. They also evaluate Tesla’s meteoric rise, looking at comments made by Joel Greenblatt, a legendary investor as w...

Simon Dixon, CEO of bnktothefuture.com, joins Real Vision CEO, Raoul Pal, to break down the intersection of the crypto world and the world of traditional finance. Starting his career in investment banking and joining the monetary reform movement along the way, Dixon understood early on the shortcomings of the fiat money system. He and Pal talk about applying traditional financial ideas to the cryp...