Is anyone considering diversifying a bit out of the US given the current political climate? I know a Republican Pres generally bodes well for the market but we had a high inflation report yesterday and Powell said there’s no need for a change in strategy (ie, no rate reductions this year.) but I know that DJT would like to lower interest rates and I honestly worry he would try to throw out Powell tomorrow and just lower rates because it’s what he wants.
I was already thinking of diversifying into Europe or other international markets and scouring around for something to diversify 10% of my new additions into.
Last night I listened to a Bloomberg podcast on how European banks have been highly profitable the last few months. I’m looking at an ETF EUFN but wonder if I may have missed the run.
Anyone else thinking along these lines or think EUFN looks like a wise portfolio addition?