Coronavirus and Real Vision: An Update from Raoul Pal

Published on
March 12th, 2020
4 minutes

Coronavirus and Real Vision: An Update from Raoul Pal

Presentations ·
Featuring Raoul Pal

Published on: March 12th, 2020 • Duration: 4 minutes

Real Vision Co-Founder and CEO Raoul Pal updates our members on the status of the company during this coronavirus outbreak and how this will impact our programming. Filmed on March 12, 2020 in Grand Cayman.


  • Sv
    Sid v.
    23 March 2020 @ 15:12
    if Grant has left, do we get a partial refund? Man, i always looked forward to his work.
  • DM
    Doug M.
    13 March 2020 @ 02:32
    Raul, If there are going to be thousands, hundreds of thousands or millions of deaths in USA, why are the funeral home stocks going down and not up? Shouldn't their profits shoot up?
    • KC
      Kenneth C.
      16 March 2020 @ 14:29
      Because stocks don't always trade on fundamentals and this would be one of those times.
  • DH
    Dabangg H.
    13 March 2020 @ 10:09
    This is annoying. All these years Raoul asked us to buy Gold, and now I see a video with a "lock" for premium members, where the summary reads now may not be a good time to hold on to gold. Thanks RV for leaving us to hang dry with the new tier system just when we needed it most! And please dont delete this comment. Educating other RV members is important. Yeah, i know you need to make money, but please be open to criticism on your new tier structure.
    • MR
      Milton R. | Founder
      13 March 2020 @ 15:48
      D, it's the same as having Macro Insiders research. The only difference is that nowadays it won't stay locked away on a separate platform for only subscribers to see. This is timely information and look, if you make the investment in Pro back in a couple of weeks or even months, then I'd say the upgrade is worth it. Over the next few weeks we'll have updates for Essential and Plus members.
    • AP
      Adam P.
      13 March 2020 @ 17:50
      You don't have access. Sell, or at least trim, your gold. You're welcome.
    • MS
      Michael S.
      13 March 2020 @ 20:19
      At least RV should, as the "alternative" programing, put on someone who can and will analyze the tape painting and manipulation that's gone on through these last few weeks! It's funny how someone's always selling a few billion in gold contracts in a single minute -- with zero regard for price -- just a few hours before massive stimulus is announced. See yesterday. And look at the tape painting today, at the end of the day.
    • DS
      David S.
      14 March 2020 @ 15:27
      At the end of Hoping for a Miracle Mr. Pal warned all viewers that he was worried about gold, especially as gold would be used for cash in margin calls. That was enough for me to make some changes. In addition, gold has not gone down as much as the market. I am not sure what premium video you are talking about, but the description, open to all viewers, apparently said to be careful about gold. This should have been helpful. DLS
    • DH
      Dabangg H.
      15 March 2020 @ 21:15
      Milton, thanks for engaging. Is there a setting to disable the videos that I am not subscribed to? Macro is not for me, its far beyond my means. Seeing locks on videos every single time I log in is not the kind of reinforcement I need. Let alone seeing the content description saying exactly opposite of what I was told to do for the last several month/years on my tier. Like I said, the optics is poor for the user, if you were to see our perspective..
  • js
    jeffrey s.
    15 March 2020 @ 18:14
    Thank you for not turning RV into a news outlet. I expect trade ideas & analysis (process') along with macro causation/correlations; "news" is not on my next CFA exam.
  • AA
    Aymman A.
    13 March 2020 @ 02:17
    Equity markets have cracked. Volatility is as high as 2008. We all know about WTIC and bonds. Credit spreads have spiked BUT nowhere to that degree. Strange! Is the Fed succeeding in keeping credit stable. If that is so then the “doom loop” will not play out. Would love to get some thoughts about this either in the comment section or in the next video.
    • BT
      Brian T.
      15 March 2020 @ 17:39
      Here's the thing - in a crisis people sell their most liquid stuff first. In 2008 the credit stuff didn't get blown out until the downturn was well underway. You remember in "The Big Short" how CDS were held at "too high marks" well into the decline according to Lewis. Perhaps they just were not trading - yet - in any size. That's because when you try to sell something illiquid in a liquidity crisis you get horrible pricing. The liquidity crisis will continue - barfing up gold on Friday is just part of it - and gold is highly liquid so a good source of cash if you need it. Most major corporations are highly levered and are currently drawing down 100% of their standby credit facilities. They simply cannot stomach a 2-3 month mid-double digit drop in revenue, or more, which a lot of them are about to experience. You have to understand the SEQUENCING of these asset category sales to get what is happening. The oil drop is FAR more severe than people are talking about. The U.S. is the largest producer of oil on planet Earth right now, you can't be naive enough to expect a 50% drop in a few months not to have extreme economic consequences. We may or may not be at an interim bottom right now, my guess is Friday was a fake out and everything is going down more. But I'm being nimble and just reacting to what is happening. Trade what the market is giving you, not what you think it should be giving you. Good luck!
  • HO
    H2 O.
    15 March 2020 @ 16:22
    Close to 0 chance I will renew any RV services. Beyond annoying to have to sift through all of the stuff that used to be included but is now locked at a higher price point to find what I can actually watch. I find this site a mess.
  • gk
    garrison k.
    15 March 2020 @ 01:07
    Keep it rolling ... and don't ever, ever give up ... It's always a New Day traveling on Spaceship Earth ... regards and the best ... gk
  • MJ
    Manish J.
    14 March 2020 @ 17:59
    As a person from non technical background, I personally feel very confused to translate the content and advise given by guest to actionable investment. Videos, author makes sense but are very vague when it comes to execution thus being limited to entertainment. It would be great if RV can provide some use cases based of different scenario..
  • ML
    Mathieu L.
    13 March 2020 @ 18:43
    To be honest, I have been disappointed so far with the content because I am a trader. All this black swan talk is sickening. Let's use the information in front us to tell us opportunities on the long side and short side instead of making grandiose long term revelations... We can't make out of it and make everybody panic for nothing. I took this membership thinking that I would get good trade ideas... But so far I am disappointed. I am up 540% since November 2016 and up 15% YTD even after this so-called black swan hit us... I guess I am better off finding my own opportunities... What I would like to see is less macro and more micro... I would like get ideas like terrific stories on high growth and value side and short opportunities as well.... For instance, high growth companies like ENPH, an emerging renewable energy company and EHTH, an online healthcare company... These 2 companies are doing so well.... Even though I do not agree with the macro views of Jim Cramer, he is very good in bringing good investment ideas on the table on the micro side of things... I get a lot information more out of him than realvision and his show is free.
    • ar
      andrew r.
      13 March 2020 @ 19:05
      RV is mostly macro and sectors, with some company ideas. Not sure if you knew that before-hand. But one has to admit, Raoul put himself out there on his Mar 5 video. Not only did he predict a long-term doom spiral, he made a short-term call -- that markets would start to really price the severity of this within one week. Giving yourself one week to be right is takes a lot of guts. One week to the day, from that warning, SPY -18%, IWM -24%. There were many skeptical commenters on that video -- I was one of them. I was wrong; he was right. Maybe the long-term situation will prove to be much gentler than he expects. But for that call alone, Raoul deserves a ton of respect.
    • ML
      Mathieu L.
      14 March 2020 @ 14:32
      Andrew ., I get that... Raoul predicted the top during the Fall of 2018... It was wrong... At that time, I also disagreed with him... Market breath did not give us enough evidence of a major downturn... You need 4 months of Market Breath divergence with price to give us a major bear market of the proportion of the great depression, Hit Tech bubble, 1970s bear market and the financial crisis of 2008 and 2009... Bear markets from the Great Depression and onwards have been preceded by an average minimum of 4 months divergence between price and the AD line with only two exceptions in 1946 and 1976. The bear markets of 1946 and 1976 were shallow bear markets. I believe that the 2020 market crash will be the 3rd one... I did tons of buying on Thursday... It was 90% down day according to Market Breath.... Friday, it was 90% up day in Market Breath... That's likely a definition of a bottom... That's what happened at the low of Christmas 2018.... Christmas Eve was a 90% down day and Boxing Days was 90% up day... I did lots of buying on Christmas Eve... Everybody is missing the boat here... Everybody is predicting much more down side... I disagree... There is a big chance that we have hit the low on Thursday... The market has priced in a lot of damage already, a recession basically... When the S&P 500 hit the low on March 9th 2008, the market has priced a huge recession.... It took years to recover in the economy. We haven't determined how much.... Let's say 5 years... But the stock market priced it in 2009 and never came back down... What I am saying is that, at 27% down for the S&P 500, basically , it is saying that we are having a recession and we might not see this level again... It is wrong to project a major depression when this market is down for only 4 weeks... Let's wait until it fails before we decide to say it is a black swan... If the rebound in the S&P 500 does not eclipse 3390 and the failure goes below 2480, then YES, we have a bear market and it is all over. because we have a lower high and a lower low.... We don't have that yet because we made a new all-time high on February 19th, and a potential low on March 12th... We need more evidence before we can make conclusions. Just because we have a crash ( for which I am comparing to 1987), it does not mean that it is all over...
  • OC
    O C.
    14 March 2020 @ 13:15
    Please put CC on your update videos as well or at least a transcript -- no matter how short the video is. Thanks for all that you guys do.
  • ND
    Noel D.
    13 March 2020 @ 22:36
    Hey Raoul – you guys are the good guys and I have no doubt that your prices are fair, and the service is worth it. I just wanted to mention, the modest pain in my heart about the recent changes. I’m sure I don’t have as large a portfolio as many of your customers and it was not easy in May 2019 to part with CDN$240 for an all access pass to all your videos. You changed the rules recently for good business reasons and now give me access to most, but not the absolute best, of your content. If I renew, it will be at CDN$330. I also have to keep looking at all the content I am not getting because you want to show me what I’m missing by not spending CDN$830 for the “Plus” package (I now know I can get a month of the plus package for free). Then yesterday, during a massive drop after a 20% market decline in earlier days, I had to look at the title of a video I could not access: “Flash Update – March 12, 2020” and it’s killer blurb describing important information I was missing on a pretty important investing day. I know and understand the reason for everything you’re doing, including tantalizing us with what we get at the next level up but it does sting quite a bit. Let me end by repeating that you guys are the good guys and I’m pulling for your business to be a big success. It’s just that yesterday didn’t feel so good.
  • AP
    Adam P.
    13 March 2020 @ 18:02
    Raoul and Julian, The brilliant work you guys have done has saved my clients boatloads of money. I was able to reduce my parents' equity portfolio by 35% prior the wheels falling off the stock market. My personal account is up 25% YTD after participating to the tune of twenty-something % last year; that's actually an important caveat because there will be accusations that those who are right now were obviously bear'd up while the market ran - not the case. Cheers, gentlemen.
  • WL
    Will L.
    13 March 2020 @ 18:01
    Just joined RV this week, really impressive Raoul & team. This is leadership. Look forward to your content. Thanks, Will
  • DS
    David S.
    12 March 2020 @ 22:16
    Is it possible to put important Twitter posts by Mr. Pal on RVTV? Just a written post so we non-twitter folks can see. It does not have to be all, just the ones that Mr. Pal would like to post. Thanks, DLS
    • RP
      Raoul P. | Founder
      13 March 2020 @ 01:20
      David, Twitter is where I think out loud, GMI and MI is where i solidify them... you get all the benefit.
    • DS
      David S.
      13 March 2020 @ 17:38
      I understand. Thanks for all your help over the years. Great job. DLS
  • KT
    Kai T.
    13 March 2020 @ 03:58
    Ultimately, I don't really care about production values — it's a nice-to-have. What I care about is TIMELY actionable insight, from really smart people in the business. Do it on Skype - no problems here.
    • BB
      Bullionaire B.
      13 March 2020 @ 17:17
      indeed, looks like they are getting that message surely they will do a mix of both medium and longer term
  • DJ
    D J.
    13 March 2020 @ 15:56
    I went to 100% cash in early February because of this virus. Then I remember a tweet that Raoul posted on twitter mentioning how munch larger China is today compared to when the SARS outbreak was. My hats off to you Raoul for amazing content. This virus is effectively a real supply shock across several sectors.
  • MB
    Marco B.
    13 March 2020 @ 13:55
    Keep up with the amazing work Raoul! Looking forward to some content on Crypto given the current situation...stay strong!
  • PG
    Philippe G.
    13 March 2020 @ 11:34
    Appreciate the update! Stay strong RV crew!!
  • Nv
    Nick v.
    13 March 2020 @ 07:33
    I would like to see some opinions on Bitcoin. Not (yet) a save haven, but bitcoin is made for times like this.
  • GK
    13 March 2020 @ 06:00
    I've lived through the Lehman Brothers nightmare and the current situation brings freaking bad memories back! Straight question probably many fear to ask. Is our money safe....LB proved that size and fame doesn't matter...are financial institutions in default danger? How about the new type of brokers with a bank status such as Interactive Brokers? Is there a way to protect our funds out there without withdrawing into the safe box?
  • RL
    Ryan L.
    12 March 2020 @ 22:10
    Thank you for doing this. Frankly I've prioritized listening to your recent free interviews posted on Twitter etc. over paid content on RV, as interesting as they are, because of how fast things are moving.
    • KT
      Kai T.
      13 March 2020 @ 04:02
      I think it would be a good idea to post or link to the interviews done outside of Real Vision on the Real Vision site. Also, on the Real Vision youtube page, I see content that is recent and hasn't shown up on the homepage, or the video's page. I think you should really think about the advantage of creating the habit of coming to the Real Vision site for all things Real Vision-related.
  • HA
    Hammad A.
    12 March 2020 @ 20:03
    Please provide access to your flash update reports to Plus subscribers.
    • RP
      Raoul P. | Founder
      13 March 2020 @ 01:21
      Sadly, that is part of the Pro tier but I will do one for RV Essential and all others next week
  • MR
    Michael R.
    12 March 2020 @ 23:06
    Raoul, I listened to your cast with Anthony Pompliano last weekend and took a dramatic step to exit my investments and 401k to cash. It was gut wrenching and drastic, but now I am so grateful, having saved hundreds of thousands in losses this past week alone. Many thanks Raoul.
    • RP
      Raoul P. | Founder
      13 March 2020 @ 01:19
      Wow. Thank you! Im so pleased.
  • JS
    Jesse S.
    13 March 2020 @ 00:28
    what are the “tiers”? where are they discussed? can you provide more clarity?
    • GS
      George S.
      13 March 2020 @ 01:17
  • AM
    Amy M.
    13 March 2020 @ 00:55
    For what it’s worth Zoom is a more stable and all around better virtual meeting/conferencing app than the alternatives in my experience. I’ve been working virtually for around 7 years, have used them all.
  • RL
    Ryan L.
    12 March 2020 @ 23:18
    your charts at the back looks interesting. how about a video around my workspace just for chills when things have eased up. ;)
  • DP
    Duane P.
    12 March 2020 @ 20:42
    One thing concerning me is that under the description of the "Plus" membership it says "regular written reports on key themes", yet every report released in the last month is locked. Is this a bug?
    • MR
      Milton R. | Founder
      12 March 2020 @ 21:08
      Duane, it is not a bug. The last few reports released are part of Macro Insiders, which is in the Pro tier. Everything is happening lightning fast so we have doubled-down on live coverage with numerous different guests - analysts, traders and so on. That also provides you with the ability to ask questions. We think that is a more robust way to cover the the situation at the moment. There will be 3 live talks this week and already planning for next.
    • JT
      Jay T.
      12 March 2020 @ 22:16
    • RM
      Robert M.
      12 March 2020 @ 22:43
      Was going to ask the same question. So videos from yesterday on back, stay locked. From today forward, open?
  • BK
    Bruce K.
    12 March 2020 @ 20:32
    Bravo, Raoul. Priority must be keeping your team safe and healthy.
  • JS
    James S.
    12 March 2020 @ 20:26
    Thank you for all you and RV are doing, Raoul!
  • DG
    Daniel G.
    12 March 2020 @ 19:53
    Good guests would include past/present CDC personnel, officials from countries who have had success in limiting exposure, the now extremely wealthier John Burbank
  • ER
    Ernesto R.
    12 March 2020 @ 19:26
    thanks for all we will keep supporting and thanks for the analysis please stay well that is the most important today
  • DW
    Denny W.
    12 March 2020 @ 19:24
    I’m so grateful to the entire RV team for providing the highest quality information in the financial media world. Best wishes to all of you and your families.
  • js
    john s.
    12 March 2020 @ 19:22
    That Cayman Island sound quality is amazing!!!
  • JN
    Jason N.
    12 March 2020 @ 19:16
    Raoul & Team - stay safe in these turbulent times!
  • TB
    Thibault B.
    12 March 2020 @ 19:16
    Thanks for everything you're doing Raoul - we're lucky to have you.
  • DR
    David R.
    12 March 2020 @ 19:02
    Virtual meetings and podcasts are better anyway in that they're usually more timely and more convenient for all parties involved. They're common now for my subs to institutional analysis and exclusive private placements, etc.
  • CM
    Cory M.
    12 March 2020 @ 19:01
    Kudo's - I think this is the right and responsible decision! Well done. I'm sure it will have been an incredibly difficult one to make.
  • EA
    EMRAH A.
    12 March 2020 @ 18:58
    Thanks Raoul for the excellent guidance.
  • JV
    James V.
    12 March 2020 @ 18:57
    Thank you Raoul and the entire Real Vision team for everything you do and especially for trying to stay ahead of these incredible, fast moving developments.
  • HR
    Humberto R.
    12 March 2020 @ 18:56
    Thank you Raoul. Was feeling a bit left out from the day to day market updates given what is going on to all of us. I jumped membership levels but can't afford the next leap yet, however some timely market updates from you and those closest to you would be greatly appreciated given what we are all going through and/or about to experience.
  • LA
    Linda A.
    12 March 2020 @ 18:53
    Thank u for being so proactive. Be safe everyone!!
  • NR
    Nathan R.
    12 March 2020 @ 18:50
    wow, the intraday wardrobe change. day of days...