Real Vision: Finance & Investing US PMI Misses, Oil Surge, BOJ Holds Rates, and Mixed Crypto Flows: PALvatar Market Recap, January 23 2026
Jan 23, 2026
U.S. services and manufacturing PMIs missed expectations, nudging equities lower. Oil jumped over 2% amid geopolitical tensions despite rising inventories. The Bank of Japan held rates at 0.75% while adjusting growth forecasts. Crypto saw steady prices with large strategic Bitcoin buys and notable exchange inflows.
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Wild Opening Night In Miami
- Raoul Pal described chaotic scenes at Drinks with Raoul during Crypto Gathering, including bananas thrown and tweets read aloud.
- He noted live programming continues in Miami and that non-attendees can watch on the Real Vision platform.
PMI Misses Signal Slowing Momentum
- U.S. flash PMIs for services (52.5) and manufacturing (51.9) missed expectations, signaling slower growth momentum.
- Markets reacted with global equities trading lower as investors weighed weaker activity against broader risks.
Oil Rallies Despite Inventory Builds
- Crude oil jumped over 2% despite U.S. crude and gasoline stock builds, reflecting geopolitical tension effects.
- The price rally amid rising inventories highlights the market's sensitivity to geopolitical risk versus supply data.