Adrien Pichoud Adrien Pichoud

17 years of experience
Economist

Our monthly view on asset allocation (November 2018)
The month of October introduced a sharp correction to financial markets on the back of concerns about a Chinese slowdown, peak earnings, trade war, the Italian budget and the tightening of US monetary [...]
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November 2018
The US economy is still growing strongly. This was, in a nutshell, the message from the preliminary Q3 GDP report, posting a 3.5% annualised expansion, after a 4.2% expansion in Q2.[...]
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October 2018
Was 2017 the peak of post-GFC global growth momentum?[...]
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Our monthly view on asset allocation (October 2018)
While the causes and symptoms of later-cycle dynamics are legitimate, we are still constructive maintain our pro-risk stance of equities over bonds. [...]
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Our monthly view on asset allocation (September 2018)
While the macro backdrop continues to support risky assets, there are visible storm clouds gathering that could precipitate a change in risk appetite. [...]
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September 2018
This summer, financial markets were shaken by an old unpleasant tune.[...]
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August 2018
US GDP growth stayed strong in Q2, rising at 4.1% qoq, the highest pace since 2014.[...]
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Key Things Investors Should Consider In 2018
Macroeconomic backdrop is supportive of ‘risk-on’. This can quickly change, but for now, a lack of inflation pressure and positive growth should fuel financial markets. [...]
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