Adrien Pichoud Adrien Pichoud

21 anni d'esperienza
Chief Economist & Senior Portfolio Manager

Wall street
Your questions answered

Below are answers to our client’s most frequently asked questions on recession risk, French elections, Chinese equities, the cryptocurrencies crash [...]

Market Outlook - H2/2022
Market Outlook - H2/2022

Economic growth is likely to remain positive during the second half of the year, supported by the reopening of the Chinese economy.

Bringing inflation back to target at all costs
Bringing inflation back to target at all costs

Yesterday the Fed hardened the tone to signal its determination to curb inflation. At all costs? After yesterday’s 75bps hike, the market’s reactio [...]

The growth-inflation trade-off

Central banks have to re-learn to live with inflationary pressures and to normalize their monetary policy. Households are concerned by a decline of [...]

A soft landing with scary turbulence

Global equity markets are nearing bear market territory, being down nearly 20% from their recent peak. The acceleration of the market pullback seem [...]

Hawkish fed but not more than feared

Yesterday, as expected, The Federal Reserve increased its benchmark interest rate by half a percentage point, in line with market expectations. In [...]

Market Insights - Q2/2022
Market Insights - Q2/2022

A consolidated view of the markets, across geographies and asset classes.

Not out of the woods yet
Not out of the woods yet

Our leading indicators (macro & fundamental) continue to point towards challenges for equity markets. From a technical standpoint, the long-ter [...]

Fed meeting: Pragmatic, Constructive, Flexible

Yesterday, the Fed's FOMC tightened interest rates for the first time since December 2018. This first step came as no surprise to investors around [...]