VEA News and Press, Vanguard FTSE Developed Markets From 10/04/22

Summary Elevated inflation, currencies, slowing global economic growth expectations, and reduced central bank liquidity remain key economic considerations. Volatility measured by the VIX spiked in September after declining in August. This wall of worry is real, but it is impor...

Summary The new regime poses an unavoidable trade-off for central banks: tame inflation by hiking or preserve growth. We see them overtightening rates, so keep risk low. UK gilt yields reached 14-year highs before the Bank of England intervened to halt the selloff. Yields on 10-ye...

Summary Feel the chill in the air? Taste the apple cider? Q4 2022 is upon us! However, for investors, Q3 wasn't quite an apple-picking tour. As of quarter-end, the S&P 500 index is down over 25% for the year. We break down the key themes for Q4: earnings, inflation, midter...

Summary Saving early and regularly, investing wisely, and budgeting your expenses (keeping them less than your income) are some essential elements of successful retirement planning. Setting your goals early in life, saving as much as possible, and investing for the long term are t...

Summary We believe it is unlikely that Fed Chair Jerome Powell will navigate a pivot to a less-hawkish stance before early in 2023. We expect China to grow at a meager 2%-3% pace in 2022, with the potential for these risks to bleed into 2023, as a slowing developed-market consumer...

Summary Prices were way too high in 2021 due to a flood of stimulus, free money, and the post-corona YOLO mentality. Stocks are now approaching my fair value estimate of around 3300 on the S&P 500 but may fall below it due to forced selling. With the Fed rapidly hiking rat...

Summary I've been in London this past week. Purely by coincidence, my trip ended up being concurrent with the public funeral of Queen Elizabeth II earlier this week. I'm no aristocrat and you probably aren't either, but we have much to learn from those who have protected and grown...

Summary In a time of uncertainty, we believe that quality is the key to investing in equities. But to consistently find companies that meet high-quality standards requires research, judgment and investing skill. In this paper, we identify the characteristics that can help guid...

Summary After the August inflation report card flunked, the Fed meets this week to further address inflation. Markets expect either a 75 bps or a 100 bps hike. The "Everything Bubble" is rapidly deflating as the Fed pivots to allow markets to clear rather than artificially support...

Summary VOO is a foundational investment for any investor as it captures the largest American companies by tracking the S&P 500 index. VOO is one of my favorite ETFs as its management fee is 0.03%, allowing Vanguard to make my capital grow at a much lower rate than financial a...