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Alexis Bienvenu
Supreme blow?

Supreme blow?

5 November was a strange day on equity markets – the stocks that had been hardest hit by US trade tariffs...

All that glitters is not gold

All that glitters is not gold

Good or bad news? The answer to this depends on whether we are assessing the causes or the outcomes, but...

Mission impossible ?

Alexis Bienvenu, Fund Manager, La Financière de l’Échiquier (LFDE) | October 2025 Central banks are questioning their purpose. In Europe,...

Mission impossible ?
Is buying high a good strategy?

Is buying high a good strategy?

The record highs chalked up almost daily by global equities and, even more so, the stratospheric performance of certain iconic...

A united front against the United States

With its status as the world’s leading power threatened by China’s steady rise, the United States elected a president who...

A united front against the United States
Monetary refugees

Monetary refugees

The dollar has lost 10% since the beginning of the year against a basket of currencies (DXY Index). In contrast,...

Order from chaos

Chaos reigns in Washington, with often unpredictable announcements on import duties being fired off in all directions. Among the most...

Order from chaos
The Revolution Will Be Financial, European Comrade

The Revolution Will Be Financial, European Comrade

Société Générale: up 84% since the beginning of the year[1]! And that’s just one example. Banks across the eurozone are...

Is Germany the new US?

The performance of German stocks since the beginning of the year has been impressive. Whilst global equities[1] have risen by...

Is Germany the new US?
Has Trump “liberated” China and Europe?

Has Trump “liberated” China and Europe?

Among the group of countries hit by new trade tariffs from the US, China has suffered most with the imposition...

A new golden age?

Gold is glittering – it has risen 25% since the start of the year, topping USD 3,300 per ounce on...

A new golden age?