Uploaded February 2026 | Updated September 2026, 3 weeks ago
In this clip, Andreas Steno explains to Raoul Pal why live data shows U.S. manufacturing accelerating toward ISM 55 while inflation trends are running below the Fed’s 2% target. That rare combination — rising domestic capex with falling inflation — creates an unusually bullish macro backdrop that markets may be underpricing.
🔥 *Download Raoul Pal's 4-year investing roadmap for free:* rvtv.io/41fVHWF
Timestamps:
00:00 – ISM Manufacturing Breakout Toward 55
00:42 – Falling Inflation Below 2% Target
01:10 – Goldilocks Macro Regime Explained
02:00 – AI Capex Returns Drive Nasdaq Upside
02:23 – The Greenspan Playbook Is Back
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#andreassteno #raoulpal #macro #liquidity #businesscycle #ism #inflation #goldilocks #aiinvesting #capex #productivity #nasdaq #stockmarket #federalreserve #marketregime #stenoresearch #globalmarkets #macroinvesting #thejourneyman
In this clip, Andreas Steno explains to Raoul Pal why live data shows U.S. manufacturing accelerating toward ISM 55 while inflation trends are running below the Fed’s 2% target. That rare combination — rising domestic capex with falling inflation — creates an unusually bullish macro backdrop that markets may be underpricing.
🔥 *Download Raoul Pal's 4-year investing roadmap for free:* rvtv.io/41fVHWF
Timestamps:
00:00 – ISM Manufacturing Breakout Toward 55
00:42 – Falling Inflation Below 2% Target
01:10 – Goldilocks Macro Regime Explained
02:00 – AI Capex Returns Drive Nasdaq Upside
02:23 – The Greenspan Playbook Is Back
Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries.
🍌 Get your Banana Zone swag at the Real Vision merch store: shop.realvision.com
Connect with me:
Twitter (X): twitter.com/RaoulGMI
Instagram: instagram.com/raoulgmi
LinkedIn: linkedin.com/in/raoul-pal-real-vision
My other work:
Real Vision: rvtv.io/3LHYIaH
Global Macro Investor: globalmacroinvestor.com
The Exponentialist: realvision.com/thefuture
EXPAAM: expaam.com
Connect with Real Vision™:
Twitter: rvtv.io/twitter
Instagram: rvtv.io/instagram
Get a FREE membership: rvtv.io/3Y4t5Pw
Disclaimer: media.realvision.com/wp/20231004185303/Disclaimer-1.pdf
#andreassteno #raoulpal #macro #liquidity #businesscycle #ism #inflation #goldilocks #aiinvesting #capex #productivity #nasdaq #stockmarket #federalreserve #marketregime #stenoresearch #globalmarkets #macroinvesting #thejourneyman
