U.S. Stocks Are Overvalued: Playing Defense And Offense With Cambria's Meb Faber

Over the last 40 years, U.S. equities have had roughly the same P/E ratio as the rest of the world. Over the last 10, the U.S. has produced massive outperformance relative to its global peers, with valuations becoming increasingly stretched. You actually have to go back to the 1920s to find a period where U.S. stock valuations were this stretched relative to their global peers. Cambria Founder and CEO Meb Faber joins Let's Talk ETFs to explain why his firm's ETF line-up is particularly well suited to play the rotation to value and global equities that he believes is certainly coming.Show Notes2:30 - Work-life balance during a global pandemic6:30 - How did Meb decide to start Cambria?12:00 - Preview of ETFs in Cambria's pipeline.15:00 - Playing defense, playing offense with Cambria ETFs:16:00 - The Cambria Tail Risk ETF (TAIL) - Low-cost protection in down markets24:45 - The U.S.-focused Cambria Shareholder Yield ETF (SYLD), The developed markets-focused Cambria Foreign Shareholder Yield ETF (FYLD), and the Emerging Markets-focused Cambria Emerging Shareholder Yield ETF (EYLD) - Yield vs. total returns32:00 - The Cambria Global Value ETF (GVAL) - Anticipating the rotation into value39:00 - The Cambria Global Momentum ETF (GMOM) - Using momentum to underpin a global asset allocation strategy45:00 - The Cambria Cannabis ETF (TOKE) - Why launch a thematic fund? Why Cannabis specifically?52:00 - Assessment of valuations of cannabis companies57:30 - How important is federal legalization for the case for investing in publicly-traded cannabis?Learn more about your ad choices. Visit megaphone.fm/adchoices