VEA News and Press, Vanguard FTSE Developed Markets From 12/28/22

Summary There were ample causes for this global downdraft in equity markets. Global equity markets look likely to face a global recession in 2023, which appears to have already begun in the final quarter of 2022. Equity markets will face a tough global environment in 2023, particula...

Summary Dismissing asset allocation as ineffective has become popular in some circles in recent years, but the charge is demonstrably false. Decision to allocate into commodities, or not, probably explains a lot about the performance of multi-asset class portfolios this year. US REI...

Summary Return divergences were largely an outgrowth of the collapse in resource stocks. Amid the extreme risk-on/risk-off swings in sentiment spurred by the pandemic and Russia/Ukraine war, industry performances have been as polarized as they've ever been in a decade. The turbulent...

Summary Foreign stocks have been a poor place to allocate capital for almost 15 years. Weakness versus the S&P 500 persisted for much of 2022, but recent price action favors VEA. After a bearish false breakout earlier this month, near-term risks prevail but long-term value still...

Summary Markets continue to fall and trailing yields continue to rise. The average yield for the major asset classes ticked up to 4.50%, based on trailing data through Dec. 19, according to data from Morningstar.com. The future’s still uncertain, which implies that hedging yo...

Summary I recently raised the cash level in my personal portfolio to 25%. In a related article, I proposed that we were in "the 5th inning," to borrow a baseball metaphor. In that article, I featured the importance of diversification, and shared a recent Vanguard outlook that suggested ...

Summary EWQ has not only been a competent long-term wealth generator, but it has also mitigated risk well enough. The macro conditions in France don’t look appealing. The technical and valuation narratives don’t make for pleasant reading either. Solid Track...

Summary Inflation continues to moderate, not only here, but also in Europe. Despite the negative economic reports and the reaction to the Fed rate hike, the US Dollar barely budged for the week. Value yet again outperformed Growth in the last week, this time by a spread of almost 1%...

Summary The wheels seem to be falling off of the bus of the current stock market rally. The structural problems with the market have been the same since the early days of the pandemic, but we've seen rallies of ~11%, ~18%, and ~14% this year, all of which have subsequently failed. W...

Summary China’s inflection point began with the easing of access to credit in the property sector in October 2022. If the International Monetary Fund’s forecasts for resilient EM economic growth in 2023 prove to be correct, this should have a positive effect on revenue tre...