Is Now a Good Time to Revisit International ETFs Like SCHF?

2026-02-11 13:55:00 ET

Many investors have likely considered reducing their exposure to U.S. stocks over the past year. That "ABUSA" (Anywhere But USA) trade is supported by four core arguments.

First, the S&P 500 is still hovering near its record highs, looks historically expensive at 30 times earnings, and trades at a premium to most other global markets. Second, the S&P 500's gains were driven by a handful of mega-cap tech stocks -- including Nvidia , Microsoft , and Apple -- instead of a balanced mix of sectors. If those Magnificent Seven leaders sputter out, the entire market could crash.

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