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Raphaël Gallardo

Investment & Client Solutions Strategist

The Fed and the equity markets: margins of error

10.12.2015 - Raphaël Gallardo

Market analysis by Raphaël Gallardo, strategist of Investment and client solutions.

"After a bumpy ride over the summer, the US stock market has regained its highs of the year and calmly discounted the end of 6 years of zero interest rates, which is more or less a certainty for this month. For all that, the profits position of US companies looks fragile, which, combined with high valuations, makes current index levels appear vulnerable..."


Read further in Allocation Perspective December 2015

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.