Contact | Glossary | Natixis links | Recruitment

Raphaël Gallardo

Investment & Client Solutions Strategist

Fiscal tantrum(p)

26.02.2018 - Raphaël Gallardo

Read market analysis by Raphaël Gallardo, Multi-asset strategist at Investment and Client Solutions investment division

- US authorities’ move to massive fiscal stimulus against backdrop of full employment points to dangerous overheating for the US economy in 2018.
- Complacent reaction from the Fed: faced with the prospects of an investment boom from tax incentives and deregulation, the right response would be to tighten monetary policy, yet Powell sought to reassure the markets on the continuation of the Fed put after the stockmarket correction at the start of the month. A real appreciation of the dollar will therefore take place through a rise in inflation


Read further

Raphael Gallardo graduated from the Ecole Nationale Supérieure des Mines de Paris, civil engineering course.

Raphael Gallardo began his career as a financial Engineer at Paribas in 1997, before joining the Economic Research division of BNP Paribas in 1999 and the Asset Management in 2005. In 2007, he became a Chief Economist at Axa IM.

He joined Natixis Asset Management in 2013 as an Investment & Client Solutions Strategist.