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VEU - The Passive-Aggressive Investor For 3/23-3/26
Vanguard FTSE All World Ex US
Let's start with an overview of the markets.
International economies are struggling to deal with the virus outbreak. On the plus side, fiscal and monetary authorities have taken unprecedented action to mitigate the damage. But short-term, the numbers will look like entire countries were hit by a natural disaster.
The bond market was buoyed this week by the Federal Reserve, which used its "lender of last resort" authority to create and implement a host of liquidity-providing facilities.
The equity market rebounded, due to the passage of a massive stimulus bill that equals about 10% of