The Fed has proven that it will do whatever it takes to support a recovery, and that recovery is already well underway, Jay Pelosky, CIO and co-founder of TPW Investment Management, told Real Vision during today’s Daily Briefing.
Pelosky argued that although there’s negative bearish sentiment out there, there’s also tremendous liquidity around the world that will find its home in financial assets. He thinks we entered a new bull market for equities when the S&P cleared the 3,000 level two weeks ago.
But according to Pelosky, the big plays for 2020 won’t be in