@kcnalp I'd stick with what you're doing but....
Unfortunately, I'm not aware of any UCITS All-World excluding US ETFs but that could be another option, or just focusing on EMVL, ZPRX, VJPA, etc. until the USD loses strength again (at which point the S&P 500 will probably also rally).
- Hedge might work if you're convinced the EUR is in for a tough winter (if energy supply works out there will probably be a quick rally though) so it's a directional bet with little certainy.
- DTLA is something worth watching but technically it is still on its way down.
- Gold doesn't like high-interest rates and on a technical basis, it hasn't found support yet.
- The DXY is at 113 and will probably face a lot of resistance at its 30-year high of 120 (Jan '02) so I think the USD has limited upside. The Fed can't push it up too far or it will cause a lot of issues in Emerging Markets so despite their hawkishness they may need to retreat if something breaks.
Unfortunately, I'm not aware of any UCITS All-World excluding US ETFs but that could be another option, or just focusing on EMVL, ZPRX, VJPA, etc. until the USD loses strength again (at which point the S&P 500 will probably also rally).