Where to go for equities if not USA?
I know most of the people on the bogleheads forum are Americans, so I presume so are people here. So I hope you don't get offended. But as a European, I now encounter an internal conflict when I consider buying US-tracking indices. That's because USA had become more hostile towards the countries where I live and work, and has become friendly with Russia. So I do have some hesitations to invest my money into the American economy.
I could of course buy MSCI world, or ex-US indices. But that's where the conflict originates. Because US stocks have gone down recently, and historically have outperformed, I don't think it's a good idea to completely ignore them.
Part of my inner conflict is also due to the uncertainty surrounding POTUS. You never know, just like he's suddenly brought out tariffs, he could introduce some unreasonable taxation or even confiscation to holdings of non-resident alien investors. It wouldn't be more shocking to me than recent events.
So, what do you suggest?