Published on: April 20th, 2020 • Duration: 8 minutes
Raoul Pal has a quick update for Real Vision Pro members on the extraordinary price movement in oil markets today, driven by COVID-19. Raoul believes how this once-in-a-lifetime event points to his thesis of how the market narrative of a strong recovery is wrong, and he sees that June futures contracts will eventually be trading lower as well as it is more likely that the recovery will be slow and labored. He also talks about what this price movement in oil means for other parts of the market.
