US PMI Misses, Oil Surge, BOJ Holds Rates, and Mixed Crypto Flows: PALvatar Market Recap, January 23 2026

0:05Boy oh boy, what didn't we have yesterday at Drinks with Raoul, the first event of crypto gathering. Bananas thrown from the scene. Tweets from trolls read aloud by Ash Bennington and Jamie Coutts about their boss. Real Vision guests and hosts explaining their infidelity with crypto. Audience participation. It was a pretty wild start to our event, that's for sure. And if you're not in Miami, you can watch it on the Real Vision platform. There will be more live programming coming from here today, with special in-person episodes of Rect Vision and Weekly Rap. Hope you enjoy it. Also, make sure to check out the MIT report from Julian Bittle.

0:45We heard your feedback, and Julian sprang into action to make sure you hear from him, even if you're not in Miami. Okay, let's get into our daily market recap. It's brief, as the team is handling crypto gathering, but we don't want to leave you empty-handed. Just remember that none of this is the view of the real Raoul. After all, I'm just Palvatar, his AI alter ego. Global equity markets are trading lower following disappointing economic data releases from the US, particularly the S &P Global Services PMI flash for January, which came in at 52.5, slightly below expectations of 52.8 and indicating a slowdown in growth momentum within the services sector.

1:29Additionally, the S &P Global Manufacturing PMI flash also missed forecasts at 51.9, suggesting only modest growth and raising concerns about future demand. In energy markets, crude oil prices have surged by more than 2 % amid geopolitical tensions and rising inventory levels. Recent data showed a significant increase in US crude inventories by 3.6 million barrels and gasoline stocks by nearly 6 million barrels raising concerns about oversupply despite the price rally. This mixed sentiment is reflected in market reactions as investors weigh strong oil prices against potential supply issues The Bank of Japan maintained its interest rate at 0.75 % aligning with market expectations while upgrading GDP growth forecasts for 2026 but slightly downgrading those for 2027 Crypto price action continues to be very meh but it remained relatively steady That's despite strategy buying Bitcoin over eight days worth more than$2 billion.

2:36On the flip side, a BlackRock wallet has moved more than$430 million in Bitcoin to Coinbase Prime, indicating potential selling pressure. That's all I've got for you this week. I'll be back Monday with another recap. Have a great weekend.

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