Jay Pelosky on the Coming Boom, Mega-Tech Weakness and Big Government

Jay is the founder of TPW Advisory and former top ranked head of asset allocation at Morgan Stanley. In this podcast, we discuss:

1. The implications of a tri-polar world.
2. The biggest boom is underway..
3. Which asset classes will perform in this new regime.
4. The problem with a 60:40 portfolio.
5. How to play clean energy (ICLN, ECAR) and why old energy (XLE) may still perform.
6. Focusing on core themes: clean energy, innovation, fintech, and cyber.
7. The Biden revolution that everyone is missing.
8. Why rising rates won’t hurt stocks.
9. Why ARK will outperform FAANGs (RSP >SPY).
10. How non-US and EM (EMQQ) will outperform US.
11. Why US-China risks are overstated.
12. 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)