Publications

The Art of Destabilization: Is "Trump 2.0" Heralding a New American Transformation?

In his latest article published today on Allnews, Jean-Christophe Rochat, Chief Investment Officer, explores the implications of a potential return of Donald Trump to the presidency.

Jean-Christophe Rochat delves into the historical roots of illiberalism in the United States, from 19th-century policies like the Indian Removal Act to contemporary racial and immigration challenges. He argues that Trump embodies a modern evolution of this trend, leveraging unpredictability and divisive rhetoric to galvanize his base while unsettling the political establishment.

The article highlights Trump’s strategic shift in his second campaign, marked by alliances with influential figures from technology and finance, such as Elon Musk and Vivek Ramaswamy. This new alignment suggests a more pragmatic, technocratic approach compared to his first term's chaotic style, potentially enabling sweeping reforms.

However, challenges loom. Jean-Christophe Rochat underscores the risks of Trump’s proposed policies, including recessionary pressures from a reduced state apparatus, healthcare reforms, and protectionist tariffs. These measures, while aimed at economic growth, may heighten inflationary tensions and consumer costs, raising concerns among investors.

As the U.S. approaches this critical juncture, the potential impact on financial markets, global trade, and the geopolitical landscape cannot be overstated.

👉 Read the full analysis, published on Allnews, on December 11, in French: L’art de la déstabilisation | Allnews

December 11, 2024

Publications

H1 2025 Market Outlook

2025 brings economic uncertainty. With resilient US growth, European challenges, and emerging market opportunities, our CIO shares key insights for H1. Explore strategies to navigate turbulence and position your portfolio for success.

January 17, 2025

Publications

2024: From Crisis to Normalisation

As we reflect on 2024—a year marked by economic normalisation and market resilience—what can we expect for 2025? In this video, our CIO, Jean-Christophe Rochat, shares his analysis on the evolving global landscape and the challenges ahead.

December 19, 2024

Publications

Gold and Bitcoin: Safe Havens or Rivals?

In her latest article published today on Allnews, Stéphanie Reihnboldt, Senior Equity Advisor, delves into the complex relationship between precious metals and cryptocurrencies like Bitcoin.

December 18, 2024

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