🌍 International Equities

For most of the 2010s and early 2020s, “just buy US stocks” was a winning strategy. The S&P 500 crushed international markets, the dollar strengthened, and American tech giants dominated global returns. But markets are cyclical — and the valuation gap between US and international equities has reached historically extreme levels.

This section covers the international equity ETF landscape, the signals that indicate when rotation is occurring, and how to position for the next regime shift.

📡 International Signals

EFA/SPY, EEM/SPY, dollar cycles, and rotation timing

🏛️ Developed Markets

EFA, VEA, IEFA — Europe, Japan, and the Pacific

🚀 Emerging Markets

EEM, VWO, and country ETFs — China, Brazil, India

🌐 Total International

ACWI, ACWX, VEU, VXUS — one-stop global exposure

💱 Currency Hedging

HEDJ, DBEF, DXJ — when to hedge and when not to

Last updated on 2026-01-12