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Long-term thematic investments have become a focus, particularly in European (EUFN, FEZ, EUAD) and Asian markets. TPW Advisory founder Jay Pelosky joins Market Domination to discuss this shift and the importance of understanding these trends.
"We are at the beginning of a secular change in global equity leadership away from the United States, which has been the dominant market since the great financial crisis bottomed 15-plus years ago to the rest of the world," Pelosky says.
Pelosky explains that "fiscal stimulus" is moving from the US to other parts of the world, which means that "the bull market is moving — globalizing — to non-US leadership."
He further highlights that any pullbacks in Europe are opportunities and "should be bought."
"If there is a permanent ceasefire in Ukraine ... the reconstruction of that country will be extremely beneficial to the infrastructure sector in Europe, which is already benefiting from tremendous spending that's going to come down the pike over the next three to five years in defense and in AI," Pelosky adds.
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This post was written by Josh Lynch