Adrien Pichoud Adrien Pichoud

17 years of experience
Economist

June 2018
The US economy is still expanding at a steady pace, benefiting from the support of tax reform.[...]
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Our monthly view on asset allocation (June 2018)
Markets continue to muddle through against an overall supportive economic backdrop, with assets fully or fairly priced.
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May 2018
The latest update of the International Monetary Fund’s economic projections has confirmed the consensual view: the global economy is in good shape.[...]
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Our monthly view on asset allocation (May 2018)
While there haven’t been many changes in the economic backdrop, which overall remains supportive, noise levels have nonetheless risen significantly. [...]
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10 reasons for a weak dollar in 2018
The US dollar, traditionally a safe haven currency during volatile times, has been trading near multi-year lows. [...]
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April 2018
On the one hand, one can hardly blame Donald Trump for implementing his electoral campaign promises.[...]
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Our monthly view on asset allocation (April 2018)
There are plenty of reasons to be cautious, and that thus explains the current challenging market environment: the Facebook data scandal, trade disputes, monetary policy tightening and softer economic [...]
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Our monthly view on asset allocation (March 2018)
The return of volatility at the beginning of February resulted from the unwinding of the great goldilocks consensus: inflation is now gradually converging towards major developed markets central banks [...]
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March 2018
As the old German saying goes, trees don’t grow to the sky. This certainly applies to economic surprise indices that compare actual economic data releases to market expectations.[...]
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