Jay Pelosky CIO sat with Fabian A. Onetti Founder of Winston Capital Advisors who brings 30 years experience in banking with 24 at Morgan Stanley.
They discuss a few of their views for the world and markets.
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Jay Pelosky, chief investment officer and co-founder at TPW Investment Management, Michael Purves, chief executive officer at Tallbacken Capital Advisors, and Mark Connors, global head of portfolio and risk advisory at Credit Suisse, discuss the lack of market consensus on the size of a potential Federal Reserve rate cut. They speak with Bloomberg's Jonathan Ferro on "Bloomberg Markets: The Open."
Read MoreIn this month’s As The Tri Polar World Turns, CIO Jay Pelosky looks into the 2nd Half and notes the potential for a risk asset melt up. He highlights that investor positioning: super bearish stocks and super bullish duration = being super bearish growth and lays out why we expect that to be revealed as wrong thinking as the year progresses.
Economics: Growth Bottom Ahead
Politics: The Debt Ceiling Rears Its Head
Policy: Fed Pivot Complete
Markets: Positioning for Growth
The upcoming G20 Osaka meeting on June 28-29 will see Presidents Trump and Xi attempt to resolve the ongoing trade war between the world’s two largest economies.
This webinar was on 27th June where we look at the interplay between tariff costs and stimulus benefits in regards to China's growth profile, identify which sectors are most at risk from a prolonged trade dispute, examine the implications for the ROW and assess the cross-asset impact on global portfolios.
Trade Tariffs & Lower for Longer Growth World: How Can Global Investors Prepare?
The 3 Ts: Trump, Trade & Tech - Making Value Great Again?
TPWIM's 3 Step Risk Asset Process (RAP): Anticipate, Confirm, Re-Allocate
Jay joined Bloomberg Asia: Daybreak to examine market expectations for the upcoming G-20 meeting as well as what the 2nd half outlook for stocks
Read MoreYesterday morning Jay was on Bloomberg: The Open to examine market expectations for the upcoming G-20 meeting in Japan along with Michael Shaoul, CEO and chairman at Marketfield Asset Management, and Thierry Wizman, global interest rates and currency strategist at Macquarie.
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Speakers
Charles Myers, Chairman of Signum Global
Jay Pelosky, Co-Founder & CIO, TPW investment Management
Topics discussed:
Outlook for Impeachment
Implications for Debt Ceiling & Budget
Trade Prospects: Punt, Pass or Kick?
US Political Dysfunction & the Lower for Longer Global Growth Path
The 3 Ts: Trump, Trade & Tech - Making Value Great Again?
We are very excited to share the Press Release regarding our partnership with SMArtX Advisory Solutions. This relationship will significantly expand our distribution and capabilities to service Financial Professionals, RIAs, and their clientele.
Read MoreIn this month’s As The Tri Polar World Turns, CIO Jay Pelosky updates TPWIM’s view on the trade war and its implications for a “lower for longer global growth path”. He also reintroduces the concept of the 3Ts and asks if the combo of Trump, Trade and Tech will Make Value Great Again - an interesting question we think you will want to ponder.
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This 30 min Real Vision interview allows TPWIM CIO Jay Pelosky the opportunity to lay out the: "Lower for Longer Global Growth Path” theme underpinning TPWIM's current approach to the global cross asset markets. He begins with our Global Risk Nexus (GRN) Scoring System (as we do every portfolio meeting) and focuses on Potential Growth Rates ( PGR) and Neutral Rates of Interest (NRI) which underpin the thesis. He then covers the impact of the Fed’s pivot and China’s stimulus in supporting this thesis. Jay identifies how one should invest in a Lower for Longer world noting the focus on equity markets with room for multiple expansion, fixed income instruments that offer yield, currencies that benefit from a weak dollar and commodities that benefit from a growth bottom. He discusses the risks of a deeper trade war and lays out why Pres. Trump is unlikely to go the Full Monty (25% on all Chinese exports to the US) on China tariffs. The video is a great example of TPWIM’s capabilities around original investment idea generation, independent cross asset thinking & institutional level analysis. We hope you find it of use.
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After a strong four month run to start the year, are US equities ready to keep roaring, or is it time to consider opportunities overseas? In this webinar, TPW Investment Management’s CIO and Co-Founder, Jay Pelosky, and Global X ETF’s CIO, Jon Maier, and Head of Research, Jay Jacobs, discussed their outlook for the remainder of 2019.
Read MoreJay Pelosky joined "Bloomberg Markets: Daybreak Asia" Sunday evening. They examine the EU Parliament Election results and impact on asset prices.
Read MoreJay Pelosky joined Michael Kushma, global fixed income chief investment officer at Morgan Stanley Investment Management and Gabriela Santos, global market strategist at JPMorgan Asset Management on this morning’s "Bloomberg Markets: The Open." with Jonathan Ferro. They examine what it would take for the Federal Reserve to make a move on interest rates.
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EU Elections this weekend & latest Brexit developments: Implications for European cross-asset investing
Speakers
Anna Rosenberg, Head of Europe and UK, Signum Global Advisors
Jay Pelosky, Co-Founder & CIO, TPW investment Management
Topics discussed:
• Real versus perceived risks of populists in the next European Parliament
• PM Theresa May's attempt TODAY to get her deal done via a Second Referendum
• Implications for European Cross Asset investing with Political Risk Ebbing and Growth Bottoming
• Populists’ ability to disrupt decision-making and European integration
• Impact of European Parliament elections on the UK and Brexit
• Europe’s Place in a Lower for Longer Global Growth World?
In this month’s As The Tri Polar World Turns, CIO Jay Pelosky gives TPWIM’s view on the trade war and its implications for a “lower for longer global growth path”. This growth path insight builds off the work we have done the past few months on Potential Growth Rates (PGR) and Neutral Rates of Interest (NRI), both original inputs to our Global Risk Nexus (GRN) Scoring System.
Read MoreCheck out the link below for Jay’s appearance from 4/22 on BTV’s The Open.
Read MoreIn this month’s As The Tri Polar World Turns, CIO Jay Pelosky lays out his “lower for longer global growth path” including its implications for portfolio strategy and asset allocation. This growth path insight builds off the work we have done the past few months on Potential Growth Rates (PGR) and Neutral Rates of Interest (NRI), both original inputs to our Global Risk Nexus (GRN) Scoring System. We also include a recent ETF Trends video clip where Jay discusses Central Bank policy and the potential for a global easing cycle to further buttress the lower for longer growth path.
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Fantastic interview with our buddy Tom Lydon CEO of ETF Trends from early February’s Annual Inside ETF conference. Two months ago we were discussing how the world is on the cusp of a global easing cycle… fast forward to today and we think step two, global growth bottoming lead by China and Europe, is about to happen.
Read MoreTight 4 min clip from Jay’s BTV Daybreak Wednesday appearance. Jay extends TPWIM’s long standing focus on Potential Growth Rates (PGR) and Neutral Rate of Interest (NRI) to incorporate the concept of “lower for longer global growth”. The lower for longer designation has been used for some time in regard to interest rates but here Jay describes how it can apply to growth. And lastly what that means for risk asset returns with a focus on the search for yield and opportunities in European peripheral debt, EM debt and US credit.
Read MoreGreat clip from Jay’s interview with AssetTV at the Inside ETFs Conference this past February. While this interview happened a month ago it is incredibly relevant today.
A year ago risk assets were facing a Fed intent on tightening & a slowing China, today, risk assets can look to a Fed on hold and a stimulating China. While everyone is talking about EM and the US Jay talks about why investors should not sleep on Europe and Japan.
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