Ep. 377: Jay Pelosky on the Tripolar World, the Spending Super Cycle, and the Global Earnings Boom

Jay Pelosky is the founder of TPW Advisory. He has over 35 years of buy-side and sell-side financial market experience. Before going independent, Jay was at Morgan Stanley, where he was ranked #1 by Institutional Investor in Global Equity Strategy and Global Asset Allocation Strategy. In this podcast, we discuss:

1. The Tripolar World & Spending Super Cycle 
2. US Valuation “Haircut” vs. Non-US Bargains 
3. Reframing Bearish Narratives & High Nominal Growth 
4. European Plays: Financial Consolidation, Spain, and Poland 
5. Emerging Markets, China’s Tech/Biotech, and Brazil Rate Cuts 
6. Energy Security, Clean Energy Adoption, and Battery Plays 
7. US Midterm Outlook & Policy Incoherence 
8. Year-End “Face Ripper” Rally & Answering AI ROI 

You can get more details on Jay’s work here, and you can follow him on X here.

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