Jay Pelosky Says the Opportunity Is Outside the U.S.

The video discusses investment strategies focusing on moving away from US equities due to their high valuation and late-cycle status. It suggests exploring peripheral markets and regions that have underperformed, such as Southern Europe, Southeast Asia, and Latin America. The speaker emphasizes the 'Go South' strategy, targeting countries with potential for growth as they recover from past underperformance. The discussion also covers market volatility, investor positioning, and the strength of the US dollar, indicating a homegrown market environment without significant foreign selling.

What is the speaker's main thesis regarding US assets?

• Avoid all investments

• Focus on US equities only

• Look for opportunities outside the US

• Invest more in US assets

According to the speaker, what indicates that foreign selling has not occurred?

• Strengthening of the dollar

• Decrease in gold prices

• High treasury volatility

• Increase in US equities

Which line represents equity volatility in the speaker's discussion?

• Yellow line

• White line

• Red line

• Blue line

What is the 'go South' strategy about?

• Avoiding all international investments

• Investing in countries that have lagged in the bull market

• Focusing on US market growth

• Investing in Northern Hemisphere countries

Which regions are highlighted as having underperformed their own regional plays?

• Northern Europe and North America

• Central Asia and Eastern Europe

• Western Europe and Northern Asia

• Southern Tier of Europe, Asia, and the Americas