Épisodes

  • Why the Midterms Matter for Market Liquidity | Macro Mondays: Nov. 2, 2026

    Why the Midterms Matter for Market Liquidity | Macro Mondays: Nov. 2, 2026
    Nov 2 2026
    With the U.S. midterm elections just one day away, Andreas Steno and Mikkel Rosenvold are back to break down the forces shaping markets as November gets underway. They examine the battle for control of Congress and what the outcome could mean for markets, the disconnect between surging AI investment and selling pressure across technology stocks, and why liquidity could become the next major market catalyst. 🏆 The Real Vision Trading is now open! The best trade ideas on the platform compete for $80,000 in cash. 📈 Trading League: https://realvision.com/your-future Timestamps: 00:00 - Welcome to Macro Monday's 01:25 - Three News Items: Anthropic Q3, ISM & Iran Oil Drop 02:26 - Iran Peace Deal: Trump’s Way Out 03:30 - Real Vision Trading League Launch 04:31 - October Market Panic: Liquidity & Hedge Fund Deleveraging 06:31 - Extreme Positioning & October PPI Turning Point 08:36 - Peace Deal Could Spark Rally Like April 09:12 - US Midterms: Michigan, Texas & Democratic Sweep 13:29 - Lame Duck Period: Appropriations & Debt Ceiling 15:19 - Anthropic: Fastest $1B to $75B Growth in History 16:42 - “No More AI CapEx” Credit Investor Consensus 18:09 - Tech Sector Priced Below 2022 Bottom 20:02 - Anthropic IPO: Why Steno Prefers OpenAI 21:19 - GPU Spot Prices Soaring Since October 22:06 - LLM Margins & Commoditization Debate 24:01 - This Week on Real Vision: Drill & Drinks with Raoul 26:10 - Positioning: Semiconductors Still Look Great 27:45 - Closing Thoughts Learn more about your ad choices. Visit podcastchoices.com/adchoices
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    30 min
  • Why Privacy Coins Are Quietly Crushing the Market | Trading the Markets

    Why Privacy Coins Are Quietly Crushing the Market | Trading the Markets
    Oct 28 2026
    Nico Brugge and Kris Bullock break down the latest crypto and macro setup as financial conditions begin to loosen after weeks of pressure from higher bond yields, a stronger dollar, and tightening credit spreads. Kris explains why he still believes Bitcoin is in the early stages of a new bull-market regime, where he sees major support around the $76K area, and what needs to happen for BTC to regain momentum above the recent breakout zone. They also dig into the assets showing the strongest relative strength, including Hyperliquid, NEAR, Uniswap, Zcash, PUMP, and privacy coins, while examining why Ethereum continues to struggle against Bitcoin and which crypto narratives still have real fundamental support. 👉 Have a question for Kris? Join the live show every Wednesday at 1pm ET in the RV Discord. Register here: https://discord.gg/FTQsrUhD9Z. 🏆 The Real Vision Trading is now open! The best trade ideas on the platform compete for $80,000 in cash! 📈 It's FREE - Trading League: https://realvision.com/your-future Timestamps: 00:00 - Crypto Market Outlook: Are Financial Conditions Improving? 03:34 - AI Stocks, Credit Markets & the Return of Risk Appetite 05:48 - Bitcoin Price Analysis: Is the Bull Market Still Intact? 09:05 - Bitcoin Support Levels: Is $76K the Next Buying Opportunity? 11:03 - Bitcoin's Four-Year Cycle: Is the Pattern Breaking? 14:00 - Lighter (LIT) & PUMP: Which Altcoin Looks Stronger? 18:36 - Pump.fun Revenue: Is the Market Missing Something? 22:22 - Ethereum vs. Bitcoin: Why ETH Continues to Struggle 27:38 - Solana & Sui: Are Altcoins Ready for Another Rally? 30:18 - PONZ: Early Signs of a Bullish Reversal? 33:13 - Hyperliquid & Kraken: A Bullish Partnership for HYPE? 35:36 - NEAR Protocol: AI, Privacy & Token Valuation 39:15 - Uniswap (UNI): Can DeFi Momentum Continue? 41:03 - Circle, USDC & Galaxy Digital: Crypto Stocks to Watch 45:16 - Zcash vs. Monero: Why Privacy Coins Are Outperforming 51:11 - Wormhole, Venice AI & BAT: Altcoins Showing Potential 54:09 - Bittensor (TAO): What Will Trigger the Next Breakout? 56:55 - Bitcoin's Key Levels & What to Watch Next Learn more about your ad choices. Visit podcastchoices.com/adchoices
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    1 h et 1 min
  • Why AI Is NOT the Next Dot-Com Bubble with Andreas Steno and Mikkel Rosenvold | Macro Mondays

    Why AI Is NOT the Next Dot-Com Bubble with Andreas Steno and Mikkel Rosenvold | Macro Mondays
    Oct 26 2026
    Andreas Steno and Mikkel Rosenvold are back to challenge one of the biggest narratives in markets: that the AI boom is simply another dot-com bubble waiting to burst. They break down why today's AI investment cycle may be fundamentally different from the late 1990s, and what that means for tech stocks and the broader market outlook. They also unpack the latest political surprise involving Brazil's Lula and the implications for emerging markets, before turning to renewed EU–China trade tensions and what another escalation could mean for global trade, European industry, and investors. 🏆 The Real Vision Trading is now open! The best trade ideas on the platform compete for $80,000 in cash. 📈 Trading League: https://realvision.com/your-future?utm_medium=social&utm_source=youtube&utm_campaign=2026_uyf&utm_content=macro-mondays Timestamps: 00:00 - Anthropic IPO Filing: What It Reveals About the AI Buildout 02:41 - AI vs Dot-Com: Why the Comparison Still Doesn’t Hold 05:54 - Why Higher Rates Are Forcing AI to Prove ROI Now 08:15 - Big Tech Earnings: Can Alphabet, Amazon, and Microsoft Calm Credit Markets? 09:32 - GPU Rental Prices Are Rising — and That Changes the AI Bear Case 12:33 - Is Anthropic Running Out of Compute? 15:22 - Anthropic IPO: Could It Pull Capital Away From the Mag 7? 16:42 - Where to Position If the Fed Finally Acknowledges Tight Financial Conditions 18:33 - Has the Market Already Priced in the End of the AI Boom? 19:19 - Brazil Election Shock: Lula Wins and Markets Get Hit 22:08 - Israel Election: Why Policy Toward Iran May Not Change Much 23:50 - EU vs China: Europe Escalates the Trade War Learn more about your ad choices. Visit podcastchoices.com/adchoices
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    30 min
  • The GENIUS Act Is Here — What Changes for Stablecoins? w/ Jonathan Gould, U.S. Comptroller of the Currency

    The GENIUS Act Is Here — What Changes for Stablecoins? w/ Jonathan Gould, U.S. Comptroller of the Currency
    Oct 22 2026
    Ash Bennington sits down with Jonathan Gould, U.S. Comptroller of the Currency, to break down the OCC’s final rule implementing its portion of the GENIUS Act. Gould explains how the new federal framework will regulate payment stablecoin issuers, including reserve requirements, redemption liquidity, supervision, and the application process beginning January 18. They also discuss stablecoin rewards and yield, cross-border payments, U.S. dollar dominance, and why the administration sees digital assets as an opportunity to modernize the American financial system. 🏆 The Real Vision Trading is now open! The best trade ideas on the platform compete for $80,000 in cash. 📈 Trading League: https://realvision.com/your-future Timestamps: 00:00 - The GENIUS Act Final Rule 01:09 - Stablecoin Applications Begin January 18 02:20 - How the New Framework Will Work 04:01 - Stablecoins and U.S. Competitiveness 05:32 - Reserve Requirements Explained 06:56 - Why Liquidity Matters 09:10 - Balancing Innovation and Regulation 10:41 - How Stablecoin Supervision Will Work 12:18 - Reporting and Oversight 14:37 - Yield vs. Rewards 17:56 - U.S. vs. Foreign Stablecoin Issuers 19:07 - Stablecoins and Dollar Dominance 20:49 - Why Washington Sees Crypto Differently 21:42 - What Comes Next Learn more about your ad choices. Visit podcastchoices.com/adchoices
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    25 min
  • Is Inflation About to Derail the Rally? with Andreas Steno | Macro Mondays - Oct. 19, 2026

    Is Inflation About to Derail the Rally? with Andreas Steno | Macro Mondays - Oct. 19, 2026
    Oct 19 2026
    Andreas Steno of Steno Research is flying solo on this week's Macro Mondays, breaking down the latest inflation signals and what they mean for the market outlook. With energy prices and input costs rising, is another inflation shock on the horizon — and could Kevin Warsh be focusing on the wrong inflation measure? Andreas also examines the latest business cycle data, why he's not ready to turn bearish on equities just yet, and what renewed pressure in France's bond market could mean for European investors. 🏆 The Real Vision Trading is now open! The best trade ideas on the platform compete for $80,000 in cash. 📈 Trading League: https://realvision.com/your-future Timestamps: 00:00 - France Is Burning — But Is the Market Panic Overdone? 02:30 - French Bond Stress: Why Credit Markets Are Turning on France 04:23 - AI Credit Stress: Is the Data Center Buildout Finally Breaking? 05:14 - Extreme Fear, Record Hedging, and the Midterm Setup 07:30 - Why This AI Selloff Is More Fundamental Than the Last Ones 08:26 - Hot CPI and PPI — So Why Did Bond Yields Fall? 09:38 - Positioning Is Crowded: Bonds, Energy, Dollar, and AI 11:30 - Inflation Peak Ahead? Why October Could Be the Turning Point 14:35 - Are the Mag 7 Really About to Cut AI CapEx? 15:41 - Compute Prices Are Rising — and That Changes the AI Bear Case 18:04 - DeepSeek Banned From US Government Systems: A New AI Trade War? 20:12 - Hiking Cycles, Credit Stress, and the Timing of the Next Trade 21:05 - Why Inflation and the Midterms Could Set Up a Q4 Rebound #macromondays #macro #mikkelrosenvold #andreassteno #stenoresearch #realvision Learn more about your ad choices. Visit podcastchoices.com/adchoices
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    32 min
  • How Much Longer Can This Cycle Run? w/ Andreas & Mikkel | Macro Mondays Oct. 5, 2026

    How Much Longer Can This Cycle Run? w/ Andreas & Mikkel | Macro Mondays Oct. 5, 2026
    Oct 5 2026
    Andreas Steno and Mikkel Rosenvold are back to tackle the question that matters most for markets right now: are we still mid-cycle, or are the warning signs of a late-cycle economy starting to pile up? They also head to Europe, where surging French bond yields, political uncertainty, and renewed concerns over the country’s finances are putting pressure on French assets. Is the turmoil a genuine warning for investors — or exactly the kind of dislocation you should be buying? Plus, Andreas and Mikkel revisit purchasing power parity and ask how useful PPP really is when trying to figure out where currencies should trade.The markets are wide open right now. Crypto, AI, entire sectors repricing. You don't need a finance degree to play anymore. You just need someone to hand you the map.That's Real Vision. The place where the best minds in macro and crypto break down what's moving, with the research, tools and community to help you make your own calls.🏆 The Real Vision Trading is now open! The best trade ideas on the platform compete for $80,000 in cash. Register before October 15 to secure your spot.📈 Trading League: https://realvision.com/your-futureTimestamps:00:00 - Macro Mondays October 5, 202600:22 - Mid-Cycle or Late-Cycle? The Big Macro Question 02:14 - GDP vs PPP: Is Russia’s Economy Really Smaller Than the UK’s?05:15 - Why Energy and Food Self-Sufficiency Matter More in a Crisis07:21 - Iran War Update: Why Oil Flows Are Better Than Before the War10:56 - Can a Democratic Midterm Sweep Derail the AI Buildout?14:32 - ISM Services Miss: Is the US Economy Starting to Slow?17:55 - France in Turmoil: Are Markets Pricing in Too Much Political Risk?20:39 - Marine Le Pen, French Bonds, and Why France Could Be a Buy26:09 - Mid-Cycle vs Late-Cycle: Will Central Banks Kill the Expansion?29:01 - Dollar Strength, Hormuz, and the April-Style Setup Returning#macromondays #macro #mikkelrosenvold #andreassteno #stenoresearch 🔥 Get 𝗙𝗥𝗘𝗘 𝗔𝗖𝗖𝗘𝗦𝗦 to Real Vision https://rvtv.io/3YOZZUe Connect with Real Vision™ Online:YouTube: youtube.com/@RealVisionFinanceTwitter: https://rvtv.io/twitterInstagram: https://rvtv.io/instagramWebsite: https://rvtv.io/3Y4t5PwDisclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf Learn more about your ad choices. Visit podcastchoices.com/adchoices
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    33 min
  • Are Markets About to Take Off Again? | Macro Mondays: September 21, 2026

    Are Markets About to Take Off Again? | Macro Mondays: September 21, 2026
    Sep 21 2026
    Andreas Steno and Mikkel Rosenvold are back to ask whether markets are beginning to resemble the setup we saw in March. With the Fed having hiked, yields elevated, and oil moving lower, are the conditions falling into place for another leg higher? They also unpack the new U.S.–Denmark–Greenland agreement and what it means for the shifting geopolitical picture in the Arctic, before diving into the recent crypto rally to see whether it really has legs.🔥 Get 𝗙𝗥𝗘𝗘 𝗔𝗖𝗖𝗘𝗦𝗦 to Real Vision https://rvtv.io/3YOZZUe Timestamps:00:00 - Macro Mondays with Andreas Steno & Mikkel Rosenvold 00:22 - Crypto Is Ripping: Should Investors Rotate Out of AI?03:05 - What’s Really Driving the Crypto Rally?04:31 - Why AI and Crypto Could Work Together in the Agent Economy08:23 - Why Markets Are Starting to Look Like March and April Again11:47 - Trump-Xi Summit: Chips, China, and the Next Trade-War Test15:20 - South Korea Exports Surge as the Semiconductor Boom Reaccelerates18:09 - Greenland Deal: What the US, Denmark, and NATO Actually Got22:08 - Semiconductors vs Gold vs Crypto: The Best Q4 Setups23:43 - Iran, Hormuz, and Why We May Be Past Peak Escalation#macromondays #macro #mikkelrosenvold #andreassteno #stenoresearch #markets #investing #stocks #stockmarket Learn more about your ad choices. Visit podcastchoices.com/adchoices
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    27 min
  • Bitcoin’s Next Move Comes Down to the Fed? | Trading The Market: September 16, 2026

    Bitcoin’s Next Move Comes Down to the Fed? | Trading The Market: September 16, 2026
    Sep 16 2026
    Bijan Maleki and Kris Bullock break down the crypto market just ahead of today’s critical FOMC decision, with traders bracing for a potential rate hike and another major test for Bitcoin and risk assets. They run through the charts to identify which tokens continue to show relative strength, which are consolidating, and which are beginning to roll over as the market waits for its next major catalyst. Plus, they take live questions from Real Vision members. 👉 Have a question for Kris? Join the live show every Wednesday at 1pm ET in the RV Discord. Register here: https://discord.gg/FTQsrUhD9Z. 🔥 Get 𝗙𝗥𝗘𝗘 𝗔𝗖𝗖𝗘𝗦𝗦 to Real Vision https://rvtv.io/3YOZZUe Learn more about your ad choices. Visit podcastchoices.com/adchoices
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    1 h et 1 min