Since the U.S. has the second-most overvalued stock market next to India (see the chart above), one way to get exposure to more undervalued markets would be to invest in non-U.S. equities.

The US stock market has lost trillions of dollars in value in the days since President Donald Trump announced major tariffs on American imports. On Tuesday afternoon, the S&P 500 was down more ...

I’m 100% out of U.S. equities and about 70% out of my non-U.S. portfolio. The remaining stocks are in sectors that should be more resilient in the current downturn.

Market insight: VIX from a seasonal perspective Periodically we publish the accompanying chart, which shows the VIX composite from 1989 through some more current date - Dec. 31, 2024, in this case.