Jay Joins Macro Hive to Discuss 2025

Jay pays a return visit to the MacroHive podcast where he lays out the intersection between the Tri Polar World competition in AI, Climate & Defense and the Long Cycle thesis of complementary global growth and global equity bull markets. Jay notes how the recent breakout in Commodities confirms the global growth cycle and his expectation that non US stocks will soon follow suit, confirming the broadening out of the global equity bull market. He makes the case for non US equity to OP the US in 2025 with both EAFE & EM participating with EM led by China.

https://macrohive.com/hive-podcasts/ep-252-jay-pelosky-on-how-us-equities-could-underperform-rest-of-the-world/