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

Third Pillar: Between Tax Opportunities and Uncertainty Over Taxation

From 1st January 2025, a major reform of the third pillar has come into effect, introducing the possibility of making retroactive buy-ins.

March 06, 2025

Publications

Europe at a Crossroads

In his latest article published in Allnews, Jean-Christophe Rochat analyses the key dynamics at play and the challenges ahead

February 19, 2025

Publications

The tokenization of financial assets: a revolution in the making?

In her latest article for Allnews, Stéphanie Rheinboldt, Senior Equity Advisor, explores the opportunities and prospects offered by the tokenisation of financial assets.

February 13, 2025