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Raphaël Gallardo

Investment & Client Solutions Strategist

Trumpian tropism

21.12.2016 - Raphaël Gallardo

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

- Worldwide acceleration momentum continues, buoyed by the rebound in China and the US
- But the rise in long-term rates threatens to reveal weakness related to excessive debt
- The Fed is forced to harden its stance in view of market optimism, with the risk of triggering a rise in the dollar, which would hamper some of the big emerging markets such as China (capital outflows)
- We reinforce our preference for equities and credit vs. sovereign bonds

 

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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.