Episode 50
Jay Pelosky on the Coming Boom, Mega-Tech Weakness and Big Government
Macro Hive Conversations With Bilal Hafeez · Bilal Hafeez
February 11, 20211h 2m
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Show Notes
Jay is the founder of TPW Advisory and former top ranked head of asset allocation at Morgan Stanley. In this podcast, we discuss:
- The implications of a tri-polar world.
- The biggest boom is underway..
- Which asset classes will perform in this new regime.
- The problem with a 60:40 portfolio.
- How to play clean energy (ICLN, ECAR) and why old energy (XLE) may still perform.
- Focusing on core themes: clean energy, innovation, fintech, and cyber.
- The Biden revolution that everyone is missing.
- Why rising rates won't hurt stocks.
- Why ARK will outperform FAANGs (RSP >SPY).
- How non-US and EM (EMQQ) will outperform US.
- Why US-China risks are overstated.
- Books that influenced Jay: Against the Gods: The Remarkable Story Of Risk and Capital Ideas (both Peter Bernstein), Age of Ambition (Osnos), Devil Take the Hindmost (Chancellor), The Unwinding (Packer), and The Great Risk Shift (Hacker)