Decio Nocerino @decionocerino: "📊 ADDING TO $VEA ..."

Italy

📊 ADDING TO $VEA (Vanguard FTSE Developed Market ETF) & $VWO (Vanguard FTSE Emerging Markets) — GEOGRAPHIC DIVERSIFICATION AT THE RIGHT PRICE Today I allocated 2% of my portfolio into international ETFs: 60% into VEA (Vanguard FTSE Developed Markets) at $68.14, and 40% into VWO (Vanguard FTSE Emerging Markets) at $59.02. The timing is deliberate, not impulsive. The Strait of Hormuz remains effectively closed — nearly 80% of energy executives surveyed by the Dallas Fed don’t expect full reopening before August — and that persistent uncertainty has kept international markets, particularly EM, trading at a discount to their fundamental value. That discount is the entry point. The structural case for both positions runs well beyond the current geopolitical cycle. A structurally weaker dollar — the logical consequence of elevated US debt, persistent deficits, and a Fed navigating dual mandate pressure — is the single most powerful tailwind for non-US assets over the next decade. When the dollar weakens, VEA and VWO don’t just hold value: they compound it in both local return and currency translation. 🌍 Europe and Japan, VEA’s core, are re-rating. Fiscal stimulus in Germany, BOJ policy normalization, and undervalued industrial franchises make developed ex-US equity the most overlooked opportunity in global markets today. VWO captures the demographic and consumption growth story of Asia, Africa, and Latin America — a structural shift that no geopolitical quarter can permanently interrupt. ⚖️ The risk is real: Hormuz resolution remains uncertain, China exposure in VWO carries policy risk, and a stronger-than-expected dollar would compress returns near-term. These are known probabilities, not surprises — and known risks are manageable risks. History is unambiguous: the investors who built geographic diversification during periods of US-centric euphoria consistently outperformed over subsequent decades. 2026 may be one of those windows. 🔹 At what point does the market’s obsession with US tech create a structural undervaluation in the rest of the world — and are we already past that inflection? $QQQ (Invesco QQQ) $TQQQ (ProShares UltraPro QQQ) $VT.US (Vanguard Total World Stock ETF) $SPY (State Street SPDR S&P 500 ETF) $SPX500 $XBI (SPDR Series Trust - SPDR S&P Biotech ETF)

Not investment advice. The author may have financial interests in the mentioned instruments.

VEA

100.00%

VWO

100.00%

QQQ

100.00%

VT.US

100.00%