VEU: Attractive Valuation And Limited Middle East Exposure

2026-03-07 23:38:55 ET

Introduction

International stocks tracked by the Vanguard FTSE All-World ex US Index Fund ETF ( VEU ) have modestly outperformed the S&P 500 so far in 2026, benefiting from cheaper valuations relative to the leading U.S. benchmark. With energy prices surging and an eventual normalization likely to take months, if not years, economic growth outlooks around the world will likely be slashed, while inflation is set to creep back up. In essence, I believe 2026 will see a return of stagflation, a period more reminiscent of the 1970s when oil prices jumped following the OPEC oil embargo....

Read the full article on Seeking Alpha

For further details see: