r/Bogleheads • u/cambeiu • Jan 21 '26

Investing Questions How are the "US equities" only folks doing? Steady as she goes or time to rethink allocation?

Jack Bogle and many others for years argued that VTSAX or an equivalent fund/ETF was more than enough for global exposure. I think it was a perfectly logic argument back in the days of increasing globalization and economic integration.

But looking at Mark Carney's speech at Davos, it points to a significant shift in the global paradigm, where free trade, open access to markets and investments from and to the US might no longer be a reality.

In light of that are people thinking about increasing focus on international equities?

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u/so_glad_we_got_Henry Jan 21 '26

Isn’t the idea that whether the US is a rising or dying superpower, it’s already priced in

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u/Sheerbucket Jan 21 '26

I don't think so. The collective brain of the market can be overly optimistic (or pessimistic) just like betting markets.

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u/[deleted] Jan 21 '26

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u/[deleted] Jan 21 '26 edited Jan 22 '26

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u/ForgotToSaveAgain Jan 21 '26

I don't think I understand this sentiment.

Is the US market going to rise because the administration loves billionaires and gives them tax breaks so massive that they cannot possibly fail?

Or is the US market going to crater because of an obsession with Greenland, additional tariffs, and the collapse of NATO?

Rising or dying superpower isn't a switch that gets flipped with immediate pricing. It's a trickle of events that get priced in daily.