Points of view of Dorval AM experts

Top point of view
26/07/2021
Exposure rates of the Dorval Asset Management Range – 23rd July 2021
Wall Street faltered only slightly, but stress from the Delta variant seeped through to the financial markets nonetheless. The ongoing relatively moderate pace of hospitalizations in the United Kingdom – despite soaring Covid-19 case numbers – curbs fears of future restrictions on economic activity, at least for now. Additionally, vaccination programs are gathering speed and scope worldwide.
Top point of view
19/07/2021
Exposure rates of the Dorval Asset Management Range – 16th July 2021
Hopes of a sunny summer have been dashed by confusion, which reigns this season for both the macroeconomy and the markets.
Top point of view
12/07/2021
Exposure rates of the Dorval Asset Management Range – 9th July 2021
The drop in US long-term rates since March has raised investor questions on the reflation theme, and the months ahead will see tests for this theme in several ways.
Top point of view
05/07/2021
Exposure rates of the Dorval Asset Management Range – 2nd July 2021
The summer will reveal just how quickly the two factors that are currently hampering growth will be addressed i.e. the Delta variant and bottlenecks.
Top point of view
28/06/2021
Exposure rates of the Dorval Asset Management Range – 25th June 2021
It did not take long for investors to feel reassured on the Fed’s intentions.
Top point of view
21/06/2021
Exposure rates of the Dorval Asset Management Range – 18th June 2021
The Fed has marked the start of a fresh phase in its monetary policy, indicating that it is starting to talk about tapering its asset purchases. 
Top point of view
14/06/2021
Exposure rates of the Dorval Asset Management Range – 11th June 2021
The main risk scenario that strikes dread into investors’ hearts – a disruptive surge in interest rates – is off the table for now. High inflation figures are logically being interpreted as a broadly passing phenomenon, and central banks are staying on course.
Top point of view
07/06/2021
Exposure rates of the Dorval Asset Management Range – 4th June 2021
With economies in the west opening up again, the economic upturn is accelerating at a record pace and should soon reach its peak. However, economic policy is set to continue propping up growth for quite some time to come as a result of the roll-out of investment programs. In Europe, the initial amounts from the €750bn plan finally ratified by all countries will be paid out from July.
Top point of view
31/05/2021
Exposure rates of the Dorval Asset Management Range – 28th May 2021
“Lost in transition” could be the title of the film currently playing out on the markets, as investors waver about whether to take the risks of overheating seriously during this phase of economic transition and statistical fog. However, many have trimmed their exposure, which could pave the way for some tactical opportunities.
Top point of view
17/05/2021
Exposure rates of the Dorval Asset Management Range – 14th May 2021
The US consumer price index came out well ahead of consensus estimates for April, driving the narrative of supply bottlenecks and a quickening pace of inflation.
Top point of view
10/05/2021
Exposure rates of the Dorval Asset Management Range – 7th May 2021
Jerome Powell had cautioned that he would take all the time needed to assess the extent of the recovery under way on the labor market. April’s surprising figures – with unemployment rising to 6.1% vs. 5.8% expected (cf. chart 1) – demonstrate that it will indeed take some time to get a clear idea on job stats, even though the economy’s overall trend is extremely clear and positive.
Top point of view
03/05/2021
Exposure rates of the Dorval Asset Management Range – 30th April 2021
The broad extension of the economic recovery across various geographies and sectors is being confirmed. The business climate is already taking off in Europe with countries only just beginning to emerge from lockdown. Meanwhile industrial commodities prices are climbing higher and higher.

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