note-macro-vague-democrate-tech-en-correction-le-marche-cherche-de-nouveaux-moteurs

Democratic wave, tech in correction: the market looks for new engines

les-graphiques-de-la-semaine---09-novembre-2026

Charts of the week - 9 November 2026

apres-le-soulagement-le-poids-de-l-ia-revele-les-fragilites-des-portefeuilles

After the relief, the weight of AI reveals the fragilities of portfolios

rotation-sectorielle-quand-le-marche-change-de-moteurs

Sector rotation: when the market changes engines

apres-l-election-americaine-qui-paiera-la-facture-du-pouvoir-d-achat

After the US election: who will pay the purchasing-power bill?

petrolieres-comment-le-raffinage-redynamise-les-resultats-energetiques

Oil majors: how refining is reviving energy earnings

les-midterms-2026-entre-avantage-democrate-et-risques-budgetaires

The 2026 Midterms: between a Democratic advantage and budgetary risks

note-macro-l-ia-face-a-l-addition-le-marche-fait-le-tri-sans-quitter-les-actions

AI faces the bill: the market sorts the wheat from the chaff, without leaving equities

la-tech-face-au-dilemme-du-capital-entre-rentabilite-promise-et-investissements-massifs

Tech faces the capital dilemma: between promised profitability and massive investment

les-graphiques-de-la-semaine---02-novembre-2026-2

Charts of the week - 2 November 2026

les-graphiques-de-la-semaine---02-novembre-2026

Charts of the week - 2 November 2026

marches-et-economie-la-semaine-du-26-au-30-octobre-2026-entre-correction-technologique-et-attentes-de-rentabilite

Markets and the economy: the week of 26 to 30 October 2026, between a tech correction and profitability expectations

microsoft-et-alphabet-quand-la-croissance-de-l-ia-se-heurte-aux-realites-financieres

Microsoft and Alphabet: when AI growth collides with financial realities

marche-petrolier-quand-les-flux-reviennent-mais-les-prix-resistent

Oil market: when flows return but prices hold firm

marches-americains-quand-la-securite-retrouve-un-prix

US markets: when safety gets its price back

election-bresilienne-quand-les-marches-se-trompent-et-paient-le-prix-fort

Brazilian election: when markets get it wrong and pay a heavy price

note-macro-france-et-ia-deux-chocs-de-positionnement-des-obligations-qui-protegent-a-nouveau

France and AI: two positioning shocks, bonds that protect again

le-credit-reevalue-l-ia-quand-la-volatilite-cachee-remet-en-question-la-rentabilite-des-projets

Credit reprices AI: when hidden volatility calls project profitability into question

les-graphiques-de-la-semaine---26-octobre-2026

Charts of the week - 26 October 2026

dechets-plastiques-collecter-ne-suffit-pas-a-recycler

Plastic waste: collecting is not the same as recycling

chine-croissance-stabilisee-desequilibres-persistants

China: stabilised growth, persistent imbalances

france-quand-le-malaise-economique-devient-un-risque-financier

France: when economic malaise becomes a financial risk

note-macro-le-capital-se-rencherit-le-marche-fait-le-tri

Capital is getting more expensive: the market sorts the wheat from the chaff

le-s-p-500-change-constamment-pourquoi-la-gestion-active-reste-pertinente

The S&P 500 is constantly changing: why active management remains relevant

les-graphiques-de-la-semaine---19-octobre-2026

Charts of the week - 19 October 2026

coreweave-quand-la-dette-de-l-ia-rencontre-les-limites-du-financement

CoreWeave: when AI debt meets the limits of financing

banques-americaines-une-economie-resistante-face-a-des-fragilites-emergentes

US banks: a resilient economy facing emerging fragilities

croissance-mondiale-confirmee-marges-de-securite-reduites-l-analyse-du-fmi

Global growth confirmed, safety margins reduced: the IMF's analysis

cac-40-depasser-le-retard-pour-identifier-l-opportunite

CAC 40: looking beyond the lag to identify the opportunity

q3-2024-une-croissance-portee-par-l-ia-americaine-mais-des-risques-de-concentration-et-de-revision-des-multiples

Q3 2024: growth driven by US AI, but concentration and multiple-revision risks

les-graphiques-de-la-semaine---12-octobre-2026

Charts of the week - 12 October 2026

petrole-pourquoi-les-menaces-geopolitiques-font-moins-bouger-les-prix

Oil: why geopolitical threats move prices less

bresil-le-marche-anticipe-une-reforme-budgetaire-et-des-taux-plus-bas

Brazil: the market anticipates fiscal reform and lower rates

alimentation-l-accumulation-de-chocs-menace-progressivement-les-stocks-mondiaux

Food: the accumulation of shocks gradually threatens global stocks

le-g7-libere-100-millions-de-barils-une-solution-temporaire-face-a-la-penurie-de-diesel

The G7 releases 100 million barrels: a temporary fix for the diesel shortage

les-graphiques-de-la-semaine---06-octobre-2026

Charts of the week - 6 October 2026

note-macro-taux-au-sommet-ormuz-toujours-ferme-la-defiance-a-un-prix

Rates at the top, Hormuz still closed: distrust has a price

la-dette-francaise-face-au-risque-systemique-quand-la-trajectoire-perd-en-credibilite

French debt and systemic risk: when the trajectory loses credibility

marches-et-macro-economie-la-semaine-du-28-septembre-au-2-octobre-2026

Markets and macroeconomics: the week of 28 September to 2 October 2026

la-relance-chinoise-financer-l-investissement-sans-restaurer-la-confiance-des-consommateurs

China's stimulus: financing investment without restoring consumer confidence

le-baril-a-100-dollars-quand-la-securite-des-routes-maritimes-determine-le-prix-du-petrole

Oil at $100: when the security of shipping routes sets the price of crude

anthropic-en-introduction-en-bourse-quand-la-croissance-exceptionnelle-rencontre-des-modeles-economiques-fragiles

Anthropic's IPO: when exceptional growth meets fragile business models

la-courbe-des-taux-en-2026-un-signal-a-interpreter-avec-prudence

The yield curve in 2026: a signal to interpret with caution

note-macro-l-emploi-rassure-mais-taux-longs-et-spread-francais-durcissent-le-financement

Jobs reassure, but long-term rates and the French spread tighten financing

visite-diplomatique-etats-unis-chine-une-treve-sans-rapprochement-reel

US–China state visit: a truce without any real rapprochement

graphiques-de-la-semaine-2026-09-28

Charts of the week – 28 September 2026

l-economie-americaine-refuse-d-atterrir-une-expansion-inflationniste-sans-ralentissement

The US economy refuses to land: an inflationary expansion with no slowdown

nvidia-apres-2028-quand-la-croissance-rencontre-les-doutes-du-marche

Nvidia after 2028: when growth meets market doubts

groenland-l-accord-de-defense-2024-redessine-la-presence-militaire-occidentale-en-arctique

Greenland: the 2024 defence agreement redraws the Western military presence in the Arctic

les-benefices-resistent-face-a-la-hausse-des-taux-un-equilibre-fragile-pour-les-marches

Earnings Hold Up Against Rising Rates: A Fragile Balance for Markets

les-graphiques-de-la-semaine---22-septembre-2026

Charts of the week - 22 September 2026

note-macro-le-sell-off-obligataire-est-la-l-ia-porte-wall-street-les-taux-rencherissent-tout-le-reste

The bond sell-off is here: AI carries Wall Street, rates make everything else more expensive

la-mondialisation-change-de-logique-de-l-efficacite-a-la-resilience

Globalisation changes its logic: from efficiency to resilience

la-fed-releve-ses-taux-un-changement-de-regime-economique-plutot-qu-une-simple-pause

The Fed raises rates: a change of economic regime rather than a simple pause

canada-et-l-union-europeenne-vers-un-second-pilier-strategique-pas-une-substitution

Canada and the European Union: towards a second strategic pillar, not a substitute

cybersecurite-et-ia-entre-risques-reels-et-repositionnement-strategique

Cybersecurity and AI: between real risks and strategic repositioning

diesel-la-penurie-de-raffinage-qui-frappe-le-transport-mondial

Diesel: the refining shortage hitting global transport

les-graphiques-de-la-semaine---15-septembre-2026

Charts of the week - 15 September 2026

note-macro-la-fed-resserre-les-taux-longs-touchent-5-les-marches-deviennent-selectifs

The Fed tightens, long rates touch 5%: markets become selective

cuivre-entre-volatilite-tarifaire-et-fondamentaux-structurels-solides

Copper: between tariff volatility and solid structural fundamentals

bilan-des-marches-7-11-septembre-2026-entre-hausse-des-taux-et-choc-energetique

Market review: 7-11 September 2026, between rising rates and an energy shock

banques-centrales-pourquoi-relever-les-taux-face-a-un-choc-energetique

Central banks: why raise rates in the face of an energy shock?

la-chine-face-aux-lecons-japonaises-sortir-d-une-crise-immobiliere-sans-accelerateur

China and the lessons from Japan: exiting a property crisis without an accelerator

marches-rationnels-ou-complaisants-quand-les-valorisations-laissent-peu-de-place-a-l-erreur

Rational or complacent markets? When valuations leave little room for error

allemagne-la-production-industrielle-recule-mais-la-reprise-reste-en-cours

Germany: industrial production falls, but the recovery remains under way

les-graphiques-de-la-semaine---08-aout-2026

Charts of the week - 8 September 2026

note-macro-le-choc-energetique-rencherit-le-financement-29d80

The energy shock raises the cost of financing

le-fonds-souverain-norvegien-reorganise-son-exposition-aux-obligations-americaines

Norway's sovereign wealth fund reorganises its exposure to US bonds

semaine-du-31-aout-au-4-septembre-2026-wall-street-resiste-tandis-que-l-europe-recule-face-a-la-hausse-energetique

Week of 31 August to 4 September 2026: Wall Street holds up while Europe retreats in the face of rising energy prices

emploi-americain-entre-rebond-rassurant-et-prudence-de-la-fed

US employment: between a reassuring rebound and Fed caution

septembre-en-bourse-une-saisonnalite-reelle-mais-pas-une-fatalite

September on the stock market: a real seasonality, but not a foregone conclusion

apple-john-ternus-peut-il-poursuivre-l-heritage-de-tim-cook

Apple: can John Ternus carry on Tim Cook's legacy?

petrole-venezuelien-ce-que-change-reellement-l-accord-entre-washington-et-caracas

Venezuelan oil: what the agreement between Washington and Caracas really changes

les-graphiques-de-la-semaine---01-septembre-2026

Charts of the week - 1 September 2026

fed-kevin-warsh-clarifie-la-doctrine-sans-devoiler-le-calendrier-des-taux

Fed: Kevin Warsh clarifies the doctrine, without revealing the rate timetable

bilan-hebdo-24-28-aout-2026-l-ia-resiste-face-aux-politiques-monetaires-plus-restrictives

Weekly Review: 24-28 August 2026 — AI holds up against tighter monetary policies

gestion-active-vs-passive-au-dela-des-statistiques-une-question-de-contexte

Active vs Passive Management: beyond the statistics, a question of context

amerique-latine-quand-la-puissance-economique-chinoise-defie-l-influence-politique-americaine

Latin America: when Chinese economic power challenges American political influence

etats-unis-canada-quand-la-negociation-commerciale-devient-un-bras-de-fer-geopolitique

United States–Canada: when trade negotiation becomes a geopolitical standoff

europe-centrale-du-sous-traitant-allemand-au-carrefour-industriel-europeen

Central Europe: from German subcontractor to European industrial crossroads

les-graphiques-de-la-semaine---25-aout-2026

Charts of the week - 25 August 2026

les-graphiques-de-la-semaine---18-aout-2026

Les graphiques de la semaine - 18 août 2026

los-angeles-lakers-12-5-md-pour-un-actif-du-xxi-siecle

Los Angeles Lakers : 12,5 Md$ pour un actif du XXIᵉ siècle

bilan-hebdo---semaine-du-10-au-14-aout-le-risque-se-deplace-de-linflation-vers-la-demande

Bilan Hebdo – Semaine du 10 au 14 août : le risque se déplace de l'inflation vers la demande

gpfg-le-fonds-souverain-qui-ne-ressemble-pas-aux-autres

GPFG : le fonds souverain qui ne ressemble pas aux autres

lia-vient-elle-de-mettre-fin-a-40-ans-de-deflation-informatique

L'IA vient-elle de mettre fin à 40 ans de déflation informatique ?

resultats-us-t2-des-records-difficiles-a-extrapoler

Résultats US T2 : des records difficiles à extrapoler

les-graphiques-de-la-semaine---11-aout

Les graphiques de la semaine - 11 août 2026

les-drones-redistribuent-la-puissance-militaire

Les drones redistribuent la puissance militaire

or-le-rebond-repose-sur-davantage-quun-simple-refuge

Or : le rebond repose sur davantage qu'un simple refuge

bilan-hebdo---semaine-du-3-au-7-aout-les-marches-obtiennent-ce-quils-voulaient

Bilan Hebdo – Semaine du 3 au 7 août : les marchés obtiennent ce qu'ils voulaient

rhin-a-sec-un-choc-logistique-au-coeur-de-lindustrie-europeenne

Rhin à sec : un choc logistique au cœur de l'industrie européenne

pourquoi-washington-est-venu-au-secours-du-yen

Pourquoi Washington est venu au secours du yen

apres-les-incendies-a-quand-la-prevention

Après les incendies, à quand la prévention ?

les-graphiques-de-la-semaine---04-aout

Les graphiques de la semaine - 04 août 2026

magnificent-seven-lia-entre-dans-lage-du-rendement

Magnificent Seven : l'IA entre dans l'âge du rendement

depenses-finales-privees-le-vrai-signal-derriere-un-pib-decevant

Dépenses finales privées : le vrai signal derrière un PIB décevant

bilan-hebdo---semaine-du-27-au-31-juillet-les-marches-trient-le-bon-grain-de-livraie

Bilan Hebdo – Semaine du 27 au 31 juillet : les marchés trient le bon grain de l'ivraie

semi-conducteurs-et-memoires-la-fin-de-leuphorie

Semi-conducteurs et mémoires : la fin de l'euphorie ?

tesla-spacex-une-fusion-est-elle-inevitable

Tesla–SpaceX : une fusion est-elle inévitable ?