Alex Chaloff 3.0 1 idea

Chaloff predicts "No US [equities] will do well" in 2026 due to valuation concerns and policy chaos, while stating "Non-US markets will do quite well." The US market is pricing in perfection despite "chaos" and tariff uncertainty. International markets (Europe/Japan) offer better valuations and are benefiting from a weaker dollar tailwind. The trade is a rotation out of expensive US beta into cheaper global beta. LONG NON-US EQUITIES (Valuation/Currency Play). Global trade war escalates (15% tariffs), hurting export-heavy international economies more than the US.