Exposure rates of the Dorval Asset Management Range – 13th December 2019

The MSCI World recently exceeded its previous high hit in January 2018, bringing almost two years of consolidation to an end (cf. chart 1). 

This renewed surge in optimism is not just a result of hopes of a US-China trade agreement and a clarification of the UK political situation, it is also warranted by an increasingly convincing cyclical argument, which is broadly disconnected from political issues.

 

Lengthy consolidation since early 2018 seems to have ended
MSCI World (US$)

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