Investment & Client Solutions Strategist
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
Read further in Allocation Perspective
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.