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

After an easing on the political front that seemed to point to a US-China trade agreement, the US administration’s decision to ratchet up border tariffs on $200bn of Chinese goods from 10% to 25% came as a severe blow to the markets.

This move broke momentum, with a dramatic turnaround in the equity markets’ impetus on a par with the shifts in February and October 2018 (cf. chart 1).

Market momentum takes a drastic turnaround

25-day relative strength index, median S&P 500, EuroStoxx, Nikkei, FTSE100, SMI, MSCI EM


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