Investment & Client Solutions Strategist
Financial markets in 2016: From the « 3D » to the « 3R », a shift in market paradigm – is it going to last?
13.05.2016 - Raphaël Gallardo
Market analysis by Raphaël Gallardo, strategist of Investment and client solutions.
"Three forces collided at the turn of 2015-2016 to make markets extremely anxious. First, the Fed stuck to its promise to start a tightening cycle in 2015, with an in extremis hike in December 2015 (...) Divergence in monetary policy, Deleveraging of the Chinese economy, Deflation scare fuelled by commodity prices, such was the toxic “3D” cocktail that sent equity markets in a tailspin at the beginning of the year."
Read further in Asset Allocation Outlook May 2016
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.