{"id":154334,"date":"2026-08-10T11:23:23","date_gmt":"2026-08-10T11:23:23","guid":{"rendered":"https:\/\/am.meltedhouse.digital\/us-themes-strategy\/"},"modified":"2026-08-26T13:18:58","modified_gmt":"2026-08-26T13:18:58","slug":"us-themes-strategy","status":"publish","type":"page","link":"https:\/\/alpinemacro.com\/fr\/us-themes-strategy\/","title":{"rendered":"Th\u00e8mes et strat\u00e9gie pour les \u00c9tats-Unis"},"content":{"rendered":"\n<section class=\"oe-section oe-background-secondary oe-hero-section-image-mask oe-hero-gbv2 oe-pointer-glow gb-element-dc77c9b5 break-out\" style=\"--inline-bg-image: url()\">\n<div class=\"oe-container oe-light oe-flex oe-flex-column oe-gap-medium oe-position-relative oe-motion-stagger gb-element-9a025c16\"><!--blockstudio\/alpine\/breadcrumbs--><nav class=\"am-breadcrumbs am-breadcrumbs--inherit am-breadcrumbs--collapse am-breadcrumbs--float am-breadcrumbs--float-nomobile\" aria-label=\"Breadcrumb\">\n\t<ol class=\"am-breadcrumbs__list\">\n\t\t\t\t\t<li class=\"am-breadcrumbs__item\">\n\t\t\t\t\t\t\t\t\t<a class=\"am-breadcrumbs__link\" href=\"https:\/\/alpinemacro.com\/fr\/\">Accueil<\/a>\n\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t<li class=\"am-breadcrumbs__item\">\n\t\t\t\t\t\t\t\t\t<a class=\"am-breadcrumbs__link\" href=\"\/fr\/products-and-services\">Produit<\/a>\n\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t<li class=\"am-breadcrumbs__item\">\n\t\t\t\t\t\t\t\t\t<span class=\"am-breadcrumbs__current\" aria-current=\"page\">Alpine Macro<\/span>\n\t\t\t\t\t\t\t<\/li>\n\t\t\t<\/ol>\n<\/nav>\n<script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"BreadcrumbList\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/alpinemacro.com\/fr\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Produit\",\"item\":\"\/fr\/products-and-services\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Alpine Macro\",\"item\":\"https:\/\/alpinemacro.com\/fr\/wp-json\/wp\/v2\/pages\/154334\"}]}<\/script>\n\n\n<div class=\"oe-gap-hero-grid gb-element-e2206a75\">\n<div class=\"oe-flex-between oe-flex-column oe-gap-grid\">\n<div class=\"oe-flex-column oe-content-remove-margins oe-gap-content\">\n<div>\n<div class=\"gb-text oe-text-uppercase oe-badge oe-motion oe-motion-fade-up uk-badge\">ProduIt<\/div>\n<\/div>\n\n\n\n<div class=\"oe-container-small oe-container-align-left oe-flex oe-flex-column oe-gap-medium oe-content-remove-margins\">\n<h1 class=\"gb-text oe-heading oe-h1 oe-motion oe-motion-fade-up\">Th\u00e8mes et strat\u00e9gie pour les \u00c9tats-Unis<\/h1>\n\n\n\n\n\n<div class=\"oe-motion oe-motion-fade-up\">\n<a class=\"gb-text oe-button oe-button-primary\" href=\"\/fr\/trial-access\">Demander un acc\u00e8s d\u2019essai<\/a>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"oe-gap-grid oe-grid-inner-dividers oe-grid-inner-dividers--light oe-motion oe-motion-fade-up oe-border-radius-base\" style=\"--oe-grid-columns-desktop: 3; --oe-grid-columns-tablet: 1; --oe-grid-columns-mobile: 1; --oe-grid-item-background: var(--oe-color-secondary);\">\n<div class=\"oe-padding-base\">\n<span class=\"gb-text oe-text-2xlarge oe-text-bold\">Mensuel<\/span>\n\n\n\n<p class=\"gb-text oe-text-neutral\">Rapport Th\u00e8mes et strat\u00e9gie<\/p>\n<\/div>\n\n\n\n<div class=\"oe-padding-base\">\n<span class=\"gb-text oe-text-2xlarge oe-text-bold\">2<\/span>\n\n\n\n<p class=\"gb-text oe-text-neutral\">Horizons couverts : cyclique et s\u00e9culaire<\/p>\n<\/div>\n\n\n\n<div class=\"oe-padding-base\">\n<span class=\"gb-text oe-text-2xlarge oe-text-bold\">3<\/span>\n\n\n\n<p class=\"gb-text oe-text-neutral\">Domaines de tendances : \u00e9conomique, mon\u00e9taire et politique<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"gb-element-e5ca07b0\">\n<!--\n  Alpine Macro \u2014 Global Strategy \"model snapshot\" \u2014 WordPress embed snippet\n  ============================================================================\n  Paste this WHOLE snippet into a Custom HTML block.\n\n  - 3D tilt lives on the HTML wrapper (.oe-device-phone-1-tilt) so it animates\n    smoothly.\n  - On load: text + numbers fade in together first, then the donut segments and\n    line charts animate in (staggered), like a phone app booting up.\n  - Uses a system-UI font stack (no async web font) so SVG text stays perfectly\n    centred at first paint \u2014 avoids the text-anchor \/ font-swap shift.\n  - Everything is namespaced under #oe-device-phone-1 so it can't collide with\n    the theme.\n  - Designed to sit on a DARK \/ NAVY background (e.g. #003469).\n  - Illustrative placeholder data \u2014 not live model output.\n-->\n<style>\n  .oe-device-phone-1-embed { width: 100%; 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Illustrative data.<\/desc>\n\n      <defs>\n        <linearGradient id=\"oe-device-phone-1-frame\" x1=\"0\" y1=\"0\" x2=\"0\" y2=\"1\">\n          <stop offset=\"0\" stop-color=\"#ffffff\" stop-opacity=\"0.18\"\/>\n          <stop offset=\"1\" stop-color=\"#ffffff\" stop-opacity=\"0.05\"\/>\n        <\/linearGradient>\n        <linearGradient id=\"oe-device-phone-1-screen\" x1=\"0.1\" y1=\"0\" x2=\"0.5\" y2=\"1\">\n          <stop offset=\"0\" stop-color=\"#ffffff\" stop-opacity=\"0.11\"\/>\n          <stop offset=\"1\" stop-color=\"#ffffff\" stop-opacity=\"0.03\"\/>\n        <\/linearGradient>\n      <\/defs>\n\n      <g class=\"oe-device-phone-1-ui\">\n\n        <!-- \u2500\u2500 Device frame (frosted glass, translucent) \u2500\u2500 -->\n        <rect x=\"6\" y=\"6\" width=\"348\" height=\"628\" rx=\"46\" fill=\"url(#oe-device-phone-1-frame)\" stroke=\"#ffffff\" stroke-opacity=\"0.30\" stroke-width=\"1.5\"\/>\n        <rect x=\"18\" y=\"18\" width=\"324\" height=\"604\" rx=\"34\" fill=\"url(#oe-device-phone-1-screen)\" stroke=\"#ffffff\" stroke-opacity=\"0.14\"\/>\n        <!-- speaker notch -->\n        <rect x=\"156\" y=\"30\" width=\"48\" height=\"5\" rx=\"2.5\" fill=\"#ffffff\" fill-opacity=\"0.20\"\/>\n\n        <!-- \u2500\u2500 Donut chart: GTAAI model allocation (brand blues) \u2500\u2500 -->\n        <g>\n          <!-- base track (visible immediately; segments draw in over it) -->\n          <circle cx=\"180\" cy=\"150\" r=\"62\" fill=\"none\" stroke=\"#ffffff\" stroke-opacity=\"0.14\" stroke-width=\"15\"\/>\n\n          <!-- Equities 42% -->\n          <g class=\"oe-device-phone-1-seg-wrap\">\n            <title>Equities \u00b7 42%<\/title>\n            <circle class=\"oe-device-phone-1-seg\" style=\"animation-delay:.2s\" cx=\"180\" cy=\"150\" r=\"62\" stroke=\"#00addc\" pathLength=\"100\"\n                    stroke-dasharray=\"42 58\" stroke-dashoffset=\"0\" transform=\"rotate(-90 180 150)\"\/>\n            <g class=\"oe-device-phone-1-tip 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stroke-opacity=\"0.5\"\/>\n              <text x=\"180\" y=\"59\" text-anchor=\"middle\" font-size=\"11\" font-weight=\"600\" fill=\"#eaf6fb\">Gov bonds \u00b7 28%<\/text>\n            <\/g>\n          <\/g>\n\n          <!-- Commodities 12% -->\n          <g class=\"oe-device-phone-1-seg-wrap\">\n            <title>Commodities \u00b7 12%<\/title>\n            <circle class=\"oe-device-phone-1-seg\" style=\"animation-delay:.48s\" cx=\"180\" cy=\"150\" r=\"62\" stroke=\"#86d9f0\" pathLength=\"100\"\n                    stroke-dasharray=\"12 88\" stroke-dashoffset=\"-70\" transform=\"rotate(-90 180 150)\"\/>\n            <g class=\"oe-device-phone-1-tip oe-device-phone-1-seg-tip\">\n              <rect x=\"118\" y=\"44\" width=\"124\" height=\"22\" rx=\"6\" fill=\"#012a52\" fill-opacity=\"0.94\" stroke=\"#00addc\" stroke-opacity=\"0.5\"\/>\n              <text x=\"180\" y=\"59\" text-anchor=\"middle\" font-size=\"11\" font-weight=\"600\" fill=\"#eaf6fb\">Commodities \u00b7 12%<\/text>\n            <\/g>\n          <\/g>\n\n          <!-- Cash & FX 18% -->\n          <g class=\"oe-device-phone-1-seg-wrap\">\n            <title>Cash &amp; FX \u00b7 18%<\/title>\n            <circle class=\"oe-device-phone-1-seg\" style=\"animation-delay:.62s\" cx=\"180\" cy=\"150\" r=\"62\" stroke=\"#b3e7f8\" pathLength=\"100\"\n                    stroke-dasharray=\"18 82\" stroke-dashoffset=\"-82\" transform=\"rotate(-90 180 150)\"\/>\n            <g class=\"oe-device-phone-1-tip oe-device-phone-1-seg-tip\">\n              <rect x=\"118\" y=\"44\" width=\"124\" height=\"22\" rx=\"6\" fill=\"#012a52\" fill-opacity=\"0.94\" stroke=\"#00addc\" stroke-opacity=\"0.5\"\/>\n              <text x=\"180\" y=\"59\" text-anchor=\"middle\" font-size=\"11\" font-weight=\"600\" fill=\"#eaf6fb\">Cash &amp; FX \u00b7 18%<\/text>\n            <\/g>\n          <\/g>\n\n          <!-- centre labels (fade in with the rest of the text) -->\n          <g class=\"oe-device-phone-1-fade\">\n            <text x=\"180\" y=\"148\" text-anchor=\"middle\" font-size=\"32\" font-weight=\"700\" fill=\"#ffffff\">26<\/text>\n            <text x=\"180\" y=\"168\" text-anchor=\"middle\" font-size=\"10.5\" fill=\"#ffffff\" fill-opacity=\"0.6\">Markets modelled<\/text>\n          <\/g>\n        <\/g>\n\n        <!-- \u2500\u2500 Heading \u2500\u2500 -->\n        <text class=\"oe-device-phone-1-fade\" x=\"180\" y=\"250\" text-anchor=\"middle\" font-size=\"15\" font-weight=\"600\" fill=\"#ffffff\">This month&#8217;s positioning<\/text>\n\n        <!-- \u2500\u2500 Tag chips \u2500\u2500 -->\n        <g class=\"oe-device-phone-1-fade\">\n          <rect x=\"98\" y=\"266\" width=\"90\" height=\"24\" rx=\"6\" fill=\"none\" stroke=\"#ffffff\" stroke-opacity=\"0.28\"\/>\n          <text x=\"143\" y=\"282\" text-anchor=\"middle\" font-size=\"11\" fill=\"#ffffff\" fill-opacity=\"0.78\">GTAAI model<\/text>\n          <rect x=\"196\" y=\"266\" width=\"66\" height=\"24\" rx=\"6\" fill=\"none\" stroke=\"#ffffff\" stroke-opacity=\"0.28\"\/>\n          <text x=\"229\" y=\"282\" text-anchor=\"middle\" font-size=\"11\" fill=\"#ffffff\" fill-opacity=\"0.78\">Aug 2026<\/text>\n        <\/g>\n\n        <!-- \u2500\u2500 Metric row 1: Global Equities (up) \u2500\u2500 -->\n        <g class=\"oe-device-phone-1-row\">\n          <title>Global Equities \u2014 42% weight, up 2.4% vs last month (overweight)<\/title>\n          <rect class=\"oe-device-phone-1-row-bg\" x=\"30\" y=\"316\" width=\"300\" height=\"66\" rx=\"8\"\/>\n          <polyline class=\"oe-device-phone-1-spark\" style=\"animation-delay:.74s\" pathLength=\"100\" points=\"44,360 58,352 72,356 86,344 100,349 114,338 128,343\"\n                    fill=\"none\" stroke=\"#3fd39b\" stroke-width=\"1.8\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n          <text class=\"oe-device-phone-1-fade\" x=\"150\" y=\"330\" font-size=\"11\" fill=\"#ffffff\" fill-opacity=\"0.6\">Global Equities<\/text>\n          <text class=\"oe-device-phone-1-fade\" x=\"150\" y=\"358\" font-size=\"22\" font-weight=\"700\" fill=\"#ffffff\">42%<\/text>\n          <text class=\"oe-device-phone-1-fade\" x=\"150\" y=\"374\" font-size=\"10.5\"><tspan fill=\"#3fd39b\">\u2191 2.4%<\/tspan><tspan fill=\"#ffffff\" fill-opacity=\"0.55\"> vs last month<\/tspan><\/text>\n          <g class=\"oe-device-phone-1-tip oe-device-phone-1-row-tip\">\n            <rect x=\"234\" y=\"340\" width=\"86\" height=\"22\" rx=\"6\" fill=\"#012a52\" fill-opacity=\"0.94\" stroke=\"#00addc\" stroke-opacity=\"0.5\"\/>\n            <text x=\"277\" y=\"355\" text-anchor=\"middle\" font-size=\"11\" font-weight=\"600\" fill=\"#eaf6fb\">Overweight<\/text>\n          <\/g>\n        <\/g>\n        <line x1=\"44\" y1=\"382\" x2=\"316\" y2=\"382\" stroke=\"#ffffff\" stroke-opacity=\"0.12\" stroke-width=\"1\"\/>\n\n        <!-- \u2500\u2500 Metric row 2: DM Gov Bonds (up) \u2500\u2500 -->\n        <g class=\"oe-device-phone-1-row\">\n          <title>DM Government Bonds \u2014 28% weight, up 1.2% vs last month<\/title>\n          <rect class=\"oe-device-phone-1-row-bg\" x=\"30\" y=\"390\" width=\"300\" height=\"66\" rx=\"8\"\/>\n          <polyline class=\"oe-device-phone-1-spark\" style=\"animation-delay:.86s\" pathLength=\"100\" points=\"44,434 58,430 72,425 86,428 100,419 114,421 128,412\"\n                    fill=\"none\" stroke=\"#3fd39b\" stroke-width=\"1.8\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n          <text class=\"oe-device-phone-1-fade\" x=\"150\" y=\"404\" font-size=\"11\" fill=\"#ffffff\" fill-opacity=\"0.6\">DM Gov Bonds<\/text>\n          <text class=\"oe-device-phone-1-fade\" x=\"150\" y=\"432\" font-size=\"22\" font-weight=\"700\" fill=\"#ffffff\">28%<\/text>\n          <text class=\"oe-device-phone-1-fade\" x=\"150\" y=\"448\" font-size=\"10.5\"><tspan fill=\"#3fd39b\">\u2191 1.2%<\/tspan><tspan fill=\"#ffffff\" fill-opacity=\"0.55\"> vs last month<\/tspan><\/text>\n          <g class=\"oe-device-phone-1-tip oe-device-phone-1-row-tip\">\n            <rect x=\"220\" y=\"414\" width=\"100\" height=\"22\" rx=\"6\" fill=\"#012a52\" fill-opacity=\"0.94\" stroke=\"#00addc\" stroke-opacity=\"0.5\"\/>\n            <text x=\"270\" y=\"429\" text-anchor=\"middle\" font-size=\"11\" font-weight=\"600\" fill=\"#eaf6fb\">Neutral-plus<\/text>\n          <\/g>\n        <\/g>\n        <line x1=\"44\" y1=\"456\" x2=\"316\" y2=\"456\" stroke=\"#ffffff\" stroke-opacity=\"0.12\" stroke-width=\"1\"\/>\n\n        <!-- \u2500\u2500 Metric row 3: Commodities (down) \u2500\u2500 -->\n        <g class=\"oe-device-phone-1-row\">\n          <title>Commodities \u2014 12% weight, down 0.9% vs last month (underweight)<\/title>\n          <rect class=\"oe-device-phone-1-row-bg\" x=\"30\" y=\"464\" width=\"300\" height=\"66\" rx=\"8\"\/>\n          <polyline class=\"oe-device-phone-1-spark\" style=\"animation-delay:.98s\" pathLength=\"100\" points=\"44,490 58,486 72,494 86,489 100,499 114,497 128,506\"\n                    fill=\"none\" stroke=\"#f2857e\" stroke-width=\"1.8\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n          <text class=\"oe-device-phone-1-fade\" x=\"150\" y=\"478\" font-size=\"11\" fill=\"#ffffff\" fill-opacity=\"0.6\">Commodities<\/text>\n          <text class=\"oe-device-phone-1-fade\" x=\"150\" y=\"506\" font-size=\"22\" font-weight=\"700\" fill=\"#ffffff\">12%<\/text>\n          <text class=\"oe-device-phone-1-fade\" x=\"150\" y=\"522\" font-size=\"10.5\"><tspan fill=\"#f2857e\">\u2193 0.9%<\/tspan><tspan fill=\"#ffffff\" fill-opacity=\"0.55\"> vs last month<\/tspan><\/text>\n          <g class=\"oe-device-phone-1-tip oe-device-phone-1-row-tip\">\n            <rect x=\"226\" y=\"488\" width=\"94\" height=\"22\" rx=\"6\" fill=\"#012a52\" fill-opacity=\"0.94\" stroke=\"#00addc\" stroke-opacity=\"0.5\"\/>\n            <text x=\"273\" y=\"503\" text-anchor=\"middle\" font-size=\"11\" font-weight=\"600\" fill=\"#eaf6fb\">Underweight<\/text>\n 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fill=\"#ffffff\" fill-opacity=\"0.4\" stroke=\"none\"\/>\n        <\/g>\n        <!-- settings -->\n        <g fill=\"none\" stroke=\"#ffffff\" stroke-opacity=\"0.4\" stroke-width=\"1.6\" stroke-linecap=\"round\">\n          <circle cx=\"216\" cy=\"586\" r=\"4.5\"\/>\n          <path d=\"M216 578 v2 M216 592 v2 M208 586 h2 M222 586 h2 M210.5 580.5 l1.4 1.4 M220 590 l1.4 1.4 M221.5 580.5 l-1.4 1.4 M210.5 591.5 l1.4 -1.4\"\/>\n        <\/g>\n        <!-- profile -->\n        <g fill=\"none\" stroke=\"#ffffff\" stroke-opacity=\"0.4\" stroke-width=\"1.6\" stroke-linecap=\"round\" stroke-linejoin=\"round\">\n          <circle cx=\"288\" cy=\"582\" r=\"4\"\/>\n          <path d=\"M280 593 c0 -5 4 -8 8 -8 s8 3 8 8\"\/>\n        <\/g>\n\n      <\/g>\n    <\/svg>\n  <\/div>\n<\/div>\n\n<script>\n\/* One-time layout nudge: SVG text with text-anchor:middle can be mis-positioned\n   inside a 3D-transformed (composited) ancestor until the layer is invalidated\n   \u2014 which is why hovering 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This mimics that recompute (invisibly,\n   without moving the device or restarting the load animations) at the moments\n   layout\/fonts may have just settled, including once Poppins has loaded. *\/\n(function () {\n  var svg = document.getElementById('oe-device-phone-1');\n  if (!svg) return;\n  var tilt = svg.closest ? svg.closest('.oe-device-phone-1-tilt') : svg.parentNode;\n  if (!tilt) return;\n  var resting = 'perspective(1400px) rotateY(-11deg) rotateX(3deg)';\n  function nudge() {\n    tilt.style.transform = resting + ' translateZ(0)';      \/\/ change the transform string...\n    requestAnimationFrame(function () { tilt.style.transform = ''; }); \/\/ ...then hand back to CSS next frame\n  }\n  nudge();\n  window.addEventListener('load', nudge);\n  if (document.fonts && document.fonts.ready) { document.fonts.ready.then(nudge); }\n  setTimeout(nudge, 400);\n  setTimeout(nudge, 1200);\n})();\n<\/script>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n<section class=\"oe-section oe-flex oe-flex-column oe-section-muted oe-gap-container oe-pointer-glow oe-pointer-glow--blue alignfull break-out\">\n<div class=\"oe-container oe-text-center oe-flex-column oe-content-remove-margins oe-gap-content oe-motion-stagger oe-motion-trigger--late\">\n<h2 class=\"gb-text oe-heading oe-heading-eyebrow oe-motion oe-motion-fade-up\">CE QUE VOUS RECEVEZ<\/h2>\n\n\n\n<h3 class=\"gb-text oe-heading oe-text-xlarge oe-margin-auto oe-motion-fade-up oe-motion oe-text-500 gb-text-84e70db1\">Th\u00e8mes et strat\u00e9gie pour les \u00c9tats-Unis \u2013 Produits livrables<\/h3>\n<\/div>\n\n\n\n<div class=\"oe-container\">\n<div class=\"oe-gap-grid oe-motion-stagger oe-motion-trigger--late gb-element-8545b8f0\" data-oe-height-match=\".oe-card-title-wrapper\">\n<div class=\"oe-card oe-background-default oe-border-outline oe-padding-remove oe-motion oe-motion-fade-up\">\n<div class=\"oe-card-title-wrapper oe-background-secondary oe-light oe-padding-small oe-motion oe-motion-fade-up oe-flex oe-gap-small oe-flex-bottom oe-flex-between\">\n<div class=\"oe-content-remove-margins oe-flex-column oe-gap-xsmall\">\n<p class=\"gb-text oe-text-xsmall oe-text-uppercase oe-text-500 oe-text-primary\">Mensuel<\/p>\n\n\n\n<h3 class=\"gb-text oe-card-title gb-text-20257c68\">Rapports mensuels<\/h3>\n<\/div>\n\n\n\n<h3 class=\"oe-card-title gb-text-695e53ad\"><span class=\"gb-shape\"><svg height=\"512pt\" viewBox=\"-35 0 511 512\" width=\"512pt\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" id=\"fi_1508964\"><path d=\"m436.03125 107.03125-104.601562-102.734375c-2.804688-2.753906-6.578126-4.296875-10.511719-4.296875h-264.449219c-30.859375 0-55.96875 25.105469-55.96875 55.96875v400.0625c0 30.859375 25.105469 55.96875 55.96875 55.96875h328.082031c30.859375 0 55.96875-25.105469 55.96875-55.96875v-338.296875c0-4.027344-1.617187-7.882813-4.488281-10.703125zm-100.113281-56.273438 52.921875 51.976563h-48.152344c-2.628906 0-4.769531-2.140625-4.769531-4.769531zm48.632812 431.242188h-328.082031c-14.316406 0-25.96875-11.648438-25.96875-25.96875v-400.0625c0-14.320312 11.648438-25.96875 25.96875-25.96875h249.453125v67.964844c0 19.171875 15.597656 34.769531 34.769531 34.769531h69.828125v323.296875c0 14.320312-11.648437 25.96875-25.96875 25.96875zm0 0\"><\/path><path d=\"m324.644531 238h-211.453125c-8.285156 0-15 6.714844-15 15s6.714844 15 15 15h211.453125c8.285157 0 15-6.714844 15-15s-6.714843-15-15-15zm0 0\"><\/path><path d=\"m113.191406 328h172.414063c8.285156 0 15-6.714844 15-15s-6.714844-15-15-15h-172.414063c-8.285156 0-15 6.714844-15 15s6.714844 15 15 15zm0 0\"><\/path><path d=\"m306.40625 358h-193.214844c-8.285156 0-15 6.714844-15 15s6.714844 15 15 15h193.214844c8.28125 0 15-6.714844 15-15s-6.71875-15-15-15zm0 0\"><\/path><\/svg><\/span><\/h3>\n<\/div>\n\n\n\n<div class=\"oe-padding-small oe-motion oe-motion-fade-up\">\n<p class=\"gb-text\">Publi\u00e9s chaque mois, ils portent principalement sur les th\u00e8mes macro\u00e9conomiques, financiers et politiques \u00e0 long terme qui peuvent \u00eatre li\u00e9s \u00e0 des recommandations d\u2019investissement concr\u00e8tes. Ces th\u00e8mes visent souvent \u00e0 anticiper les grands points de retournement des march\u00e9s.<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"oe-card oe-background-default oe-border-outline oe-padding-remove oe-motion oe-motion-fade-up\">\n<div class=\"oe-card-title-wrapper oe-background-secondary oe-light oe-padding-small oe-motion oe-motion-fade-up oe-flex oe-gap-small oe-flex-bottom oe-flex-between\">\n<div class=\"oe-content-remove-margins oe-flex-column oe-gap-xsmall\">\n<p class=\"gb-text oe-text-xsmall oe-text-uppercase oe-text-500 oe-text-primary\">Ponctuel<\/p>\n\n\n\n<h3 class=\"gb-text oe-card-title gb-text-6571d433\">Rapports sp\u00e9ciaux<\/h3>\n<\/div>\n\n\n\n<h3 class=\"oe-card-title gb-text-414c6ca0\"><span class=\"gb-shape\"><svg aria-hidden=\"true\" role=\"img\" height=\"1em\" width=\"1em\" viewBox=\"0 0 576 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path fill=\"currentColor\" d=\"M259.3 17.8L194 150.2 47.9 171.5c-26.2 3.8-36.7 36.1-17.7 54.6l105.7 103-25 145.5c-4.5 26.3 23.2 46 46.4 33.7L288 439.6l130.7 68.7c23.2 12.2 50.9-7.4 46.4-33.7l-25-145.5 105.7-103c19-18.5 8.5-50.8-17.7-54.6L382 150.2 316.7 17.8c-11.7-23.6-45.6-23.9-57.4 0z\"><\/path><\/svg><\/span><\/h3>\n<\/div>\n\n\n\n<div class=\"oe-padding-small oe-motion oe-motion-fade-up\">\n<p class=\"gb-text\">Publi\u00e9s chaque mois, les Rapports sp\u00e9ciaux font un \u00ab examen approfondi \u00bb de sujets d\u2019actualit\u00e9 et de questions ax\u00e9s sur les \u00c9tats-Unis qui int\u00e9ressent les investisseurs. En voici des exemples : L\u2019inflation peut-elle reculer m\u00eame si l\u2019\u00e9conomie am\u00e9ricaine cro\u00eet \u00e0 son rythme tendanciel? Un march\u00e9 haussier de l\u2019\u00e9nergie peut-il revenir? Quelles sont les perspectives d\u2019une fr\u00e9n\u00e9sie boursi\u00e8re dans le secteur technologique?<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"oe-card oe-background-default oe-border-outline oe-padding-remove oe-motion oe-motion-fade-up\">\n<div class=\"oe-card-title-wrapper oe-background-secondary oe-light oe-padding-small oe-motion oe-motion-fade-up oe-flex oe-gap-small oe-flex-bottom oe-flex-between\">\n<div class=\"oe-content-remove-margins oe-flex-column oe-gap-xsmall\">\n<p class=\"gb-text oe-text-xsmall oe-text-uppercase oe-text-500 oe-text-primary\">En vedette<\/p>\n\n\n\n<h3 class=\"gb-text oe-card-title gb-text-65dfbc6b\">Rapports en vedette<\/h3>\n<\/div>\n\n\n\n<h3 class=\"oe-card-title gb-text-f31c1c4f\"><span class=\"gb-shape\"><svg aria-hidden=\"true\" role=\"img\" height=\"1em\" width=\"1em\" viewBox=\"0 0 576 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path fill=\"currentColor\" d=\"M576 240c0-23.63-12.95-44.04-32-55.12V32.01C544 23.26 537.02 0 512 0c-7.12 0-14.19 2.38-19.98 7.02l-85.03 68.03C364.28 109.19 310.66 128 256 128H64c-35.35 0-64 28.65-64 64v96c0 35.35 28.65 64 64 64h33.7c-1.39 10.48-2.18 21.14-2.18 32 0 39.77 9.26 77.35 25.56 110.94 5.19 10.69 16.52 17.06 28.4 17.06h74.28c26.05 0 41.69-29.84 25.9-50.56-16.4-21.52-26.15-48.36-26.15-77.44 0-11.11 1.62-21.79 4.41-32H256c54.66 0 108.28 18.81 150.98 52.95l85.03 68.03a32.023 32.023 0 0 0 19.98 7.02c24.92 0 32-22.78 32-32V295.13C563.05 284.04 576 263.63 576 240zm-96 141.42l-33.05-26.44C392.95 311.78 325.12 288 256 288v-96c69.12 0 136.95-23.78 190.95-66.98L480 98.58v282.84z\"><\/path><\/svg><\/span><\/h3>\n<\/div>\n\n\n\n<div class=\"oe-padding-small oe-motion oe-motion-fade-up\">\n<p class=\"gb-text\">R\u00e9dig\u00e9s par des collaborateurs invit\u00e9s issus de notre r\u00e9seau, les Rapports en vedette offrent des perspectives, des id\u00e9es et des opinions d\u2019investissement stimulantes. Ces collaborateurs sont des experts dans leur domaine, mais ont tendance \u00e0 sortir des sentiers battus. Les r\u00e9sultats sont provocateurs et font autorit\u00e9, qu\u2019ils concordent ou non avec l\u2019opinion maison d\u2019Alpine Macro. Parmi les exemples, mentionnons \u00ab The Coming Geopolitical Challenges for the West \u00bb de Robert Kaplan et \u00ab Xi and He: China\u2019s Economic Policy \u00bb de Mark Chandler.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n<section class=\"oe-section oe-flex oe-flex-column oe-gap-container alignfull break-out\">\n<div class=\"oe-container\">\n<div class=\"oe-gap-grid oe-motion-stagger oe-motion-trigger--late gb-element-5a3adc17\">\n<div>\n<div class=\"oe-border-outline oe-box-shadow-xsmall oe-flex oe-padding-2xsmall oe-border-rounded oe-motion oe-motion-fade-up oe-flex-column oe-content-remove-margins oe-gap-small\">\n<figure class=\"oe-width-auto\">\n<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" class=\"oe-border-rounded oe-aspect-ratio-1-1 gb-media-4ae726ed\" alt=\"\" src=\"https:\/\/alpinemacro.com\/wp-content\/uploads\/2026\/05\/David-Abramson-300x300-1.jpg\" title=\"David-Abramson-300x300-1\" srcset=\"https:\/\/alpinemacro.com\/wp-content\/uploads\/2026\/05\/David-Abramson-300x300-1.jpg 300w, https:\/\/alpinemacro.com\/wp-content\/uploads\/2026\/05\/David-Abramson-300x300-1-150x150.jpg 150w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\n<\/figure>\n\n\n\n<div class=\"oe-flex oe-flex-column oe-width-expand oe-content-remove-margins\">\n<div class=\"oe-content-remove-margins\">\n<p class=\"gb-text oe-text-bold oe-text-medium gb-text-e6c6b274\">David Abramson<\/p>\n\n\n\n<p class=\"gb-text oe-text-primary oe-text-500 oe-text-small\">Strat\u00e8ge en chef pour les \u00c9tats-Unis<br> et directeur de la recherche<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div>\n<div class=\"oe-flex-column oe-content-remove-margins oe-gap-content oe-motion-stagger oe-motion-trigger--late\">\n<h2 class=\"gb-text oe-heading oe-heading-eyebrow oe-motion oe-motion-fade-up\">DIRIG\u00c9 PAR<\/h2>\n\n\n\n<h3 class=\"gb-text oe-heading oe-text-xlarge oe-margin-auto oe-motion-fade-up oe-motion oe-text-500\">Les Th\u00e8mes et strat\u00e9gie pour les \u00c9tats-Unis sont dirig\u00e9s par David Abramson, strat\u00e8ge en chef pour les \u00c9tats-Unis et directeur de la recherche de la firme<\/h3>\n\n\n\n<p class=\"gb-text oe-motion oe-motion-fade-up\">Les Th\u00e8mes et strat\u00e9gie pour les \u00c9tats-Unis sont r\u00e9dig\u00e9s par David Abramson et portent sur des th\u00e8mes macro\u00e9conomiques concrets et des perspectives d\u2019investissement sur des horizons \u00e0 la fois cycliques et s\u00e9culaires. Publi\u00e9 une semaine par mois, ce service couvre une grande vari\u00e9t\u00e9 de tendances \u00e9conomiques, mon\u00e9taires et politiques qui influent sur les march\u00e9s financiers. L\u2019analyse porte sur les tendances am\u00e9ricaines, mais a souvent de puissantes r\u00e9percussions mondiales.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n<section class=\"oe-section oe-section-primary oe-flex oe-flex-column oe-gap-container oe-motion-stagger oe-motion-trigger--late alignfull break-out\">\n<div class=\"oe-container oe-flex-column oe-content-remove-margins oe-gap-content\">\n<h2 class=\"gb-text oe-heading oe-heading-eyebrow oe-motion oe-motion-fade-up\">Vous aimerez peut-\u00eatre aussi<\/h2>\n\n\n\n<div class=\"gb-carousel oe-flex oe-flex-column oe-gap-2xsmall oe-carousel oe-motion oe-motion-fade-up gb-carousel-3c9a7f18\" data-slides-per-view=\"3\" data-space-between=\"32px\" data-mousewheel=\"true\" data-autoplay-delay=\"5000\" data-speed=\"500\" data-grab-cursor=\"false\" data-carousel-id=\"3c9a7f18\">\n<div class=\"oe-border-rounded\"><ol class=\"gb-looper-4a7d2e91 gb-carousel-items\">\n<li class=\"gb-loop-item oe-flex oe-flex-column oe-border-rounded oe-background-trans-overlay oe-border-outline oe-card oe-gap-card oe-flex-between gb-loop-item-8f3c5b70 gb-carousel-item post-154243 page type-page status-publish\">\n<div class=\"oe-flex-column oe-content-remove-margins oe-gap-content\">\n<div class=\"oe-content-remove-margins oe-flex-column oe-gap-xsmall\">\n<div class=\"gb-text gb-text-2d9e6a14\"><\/div>\n\n\n\n<a class=\"gb-text oe-text-large oe-link-no-underline oe-text-bold\" href=\"https:\/\/alpinemacro.com\/fr\/commodity-energy-strategy\/\">Strat\u00e9gie en mati\u00e8re de mati\u00e8res premi\u00e8res et d&#8217;\u00e9nergie<\/a>\n<\/div>\n\n\n<\/div>\n\n\n\n<div>\n<a class=\"gb-text oe-button oe-button-primary\" href=\"https:\/\/alpinemacro.com\/fr\/commodity-energy-strategy\/\">Voir le service<\/a>\n<\/div>\n<\/li>\n\n<li class=\"gb-loop-item oe-flex oe-flex-column oe-border-rounded oe-background-trans-overlay oe-border-outline oe-card oe-gap-card oe-flex-between gb-loop-item-8f3c5b70 gb-carousel-item post-154276 page type-page status-publish\">\n<div class=\"oe-flex-column oe-content-remove-margins oe-gap-content\">\n<div class=\"oe-content-remove-margins oe-flex-column oe-gap-xsmall\">\n<div class=\"gb-text gb-text-2d9e6a14\"><\/div>\n\n\n\n<a class=\"gb-text oe-text-large oe-link-no-underline oe-text-bold\" href=\"https:\/\/alpinemacro.com\/fr\/innovation-themes-strategy\/\">Th\u00e8mes et strat\u00e9gie d\u2019innovation<\/a>\n<\/div>\n\n\n<\/div>\n\n\n\n<div>\n<a class=\"gb-text oe-button oe-button-primary\" href=\"https:\/\/alpinemacro.com\/fr\/innovation-themes-strategy\/\">Voir le service<\/a>\n<\/div>\n<\/li>\n\n<li class=\"gb-loop-item oe-flex oe-flex-column oe-border-rounded oe-background-trans-overlay oe-border-outline oe-card oe-gap-card oe-flex-between gb-loop-item-8f3c5b70 gb-carousel-item post-154287 page type-page status-publish\">\n<div class=\"oe-flex-column oe-content-remove-margins oe-gap-content\">\n<div class=\"oe-content-remove-margins oe-flex-column oe-gap-xsmall\">\n<div class=\"gb-text gb-text-2d9e6a14\"><\/div>\n\n\n\n<a class=\"gb-text oe-text-large oe-link-no-underline oe-text-bold\" href=\"https:\/\/alpinemacro.com\/fr\/equity-strategy\/\">Strat\u00e9gie en actions<\/a>\n<\/div>\n\n\n<\/div>\n\n\n\n<div>\n<a class=\"gb-text oe-button oe-button-primary\" href=\"https:\/\/alpinemacro.com\/fr\/equity-strategy\/\">Voir le service<\/a>\n<\/div>\n<\/li>\n\n<li class=\"gb-loop-item oe-flex oe-flex-column oe-border-rounded oe-background-trans-overlay oe-border-outline oe-card oe-gap-card oe-flex-between gb-loop-item-8f3c5b70 gb-carousel-item post-154297 page type-page status-publish\">\n<div class=\"oe-flex-column oe-content-remove-margins oe-gap-content\">\n<div class=\"oe-content-remove-margins oe-flex-column oe-gap-xsmall\">\n<div class=\"gb-text gb-text-2d9e6a14\"><\/div>\n\n\n\n<a class=\"gb-text oe-text-large oe-link-no-underline oe-text-bold\" href=\"https:\/\/alpinemacro.com\/fr\/geopolitical-strategy\/\">Strat\u00e9gie 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service<\/a>\n<\/div>\n<\/li>\n\n<li class=\"gb-loop-item oe-flex oe-flex-column oe-border-rounded oe-background-trans-overlay oe-border-outline oe-card oe-gap-card oe-flex-between gb-loop-item-8f3c5b70 gb-carousel-item post-154312 page type-page status-publish\">\n<div class=\"oe-flex-column oe-content-remove-margins oe-gap-content\">\n<div class=\"oe-content-remove-margins oe-flex-column oe-gap-xsmall\">\n<div class=\"gb-text gb-text-2d9e6a14\"><\/div>\n\n\n\n<a class=\"gb-text oe-text-large oe-link-no-underline oe-text-bold\" href=\"https:\/\/alpinemacro.com\/fr\/emerging-markets-china-strategy\/\">Strat\u00e9gie des march\u00e9s \u00e9mergents et de la Chine<\/a>\n<\/div>\n\n\n<\/div>\n\n\n\n<div>\n<a class=\"gb-text oe-button oe-button-primary\" href=\"https:\/\/alpinemacro.com\/fr\/emerging-markets-china-strategy\/\">Voir le service<\/a>\n<\/div>\n<\/li>\n\n<li class=\"gb-loop-item oe-flex oe-flex-column oe-border-rounded oe-background-trans-overlay oe-border-outline oe-card oe-gap-card oe-flex-between gb-loop-item-8f3c5b70 gb-carousel-item post-154322 page type-page status-publish\">\n<div class=\"oe-flex-column oe-content-remove-margins oe-gap-content\">\n<div class=\"oe-content-remove-margins oe-flex-column oe-gap-xsmall\">\n<div class=\"gb-text gb-text-2d9e6a14\"><\/div>\n\n\n\n<a class=\"gb-text oe-text-large oe-link-no-underline oe-text-bold\" href=\"https:\/\/alpinemacro.com\/fr\/global-fixed-income-currency-strategy\/\">Strat\u00e9gie mondiale en mati\u00e8re de devises et de titres \u00e0 revenu fixe<\/a>\n<\/div>\n\n\n<\/div>\n\n\n\n<div>\n<a class=\"gb-text oe-button oe-button-primary\" href=\"https:\/\/alpinemacro.com\/fr\/global-fixed-income-currency-strategy\/\">Voir le service<\/a>\n<\/div>\n<\/li>\n\n<li class=\"gb-loop-item oe-flex oe-flex-column oe-border-rounded oe-background-trans-overlay oe-border-outline oe-card oe-gap-card oe-flex-between gb-loop-item-8f3c5b70 gb-carousel-item post-154330 page type-page status-publish\">\n<div 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Equities \u00b7 42% Equities \u00b7 42% &#8230; <a title=\"Th\u00e8mes et strat\u00e9gie pour les \u00c9tats-Unis\" class=\"read-more\" href=\"https:\/\/alpinemacro.com\/fr\/us-themes-strategy\/\" aria-label=\"En savoir plus sur Th\u00e8mes et strat\u00e9gie pour les \u00c9tats-Unis\">Read more<\/a><\/p>\n","protected":false},"author":77,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"tags":[],"content_type":[5957],"class_list":["post-154334","page","type-page","status-publish"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v28.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Th\u00e8mes et strat\u00e9gie pour les \u00c9tats-Unis | Alpine Macro<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Th\u00e8mes et strat\u00e9gie pour les \u00c9tats-Unis\" \/>\n<meta property=\"og:description\" content=\"ProduIt Th\u00e8mes et strat\u00e9gie pour les \u00c9tats-Unis Mensuel Rapport Th\u00e8mes et strat\u00e9gie 2 Horizons couverts : cyclique et s\u00e9culaire 3 Domaines de tendances : \u00e9conomique, mon\u00e9taire et politique Global Strategy \u2014 model snapshot A translucent device showing the GTAAI model allocation donut and this month&#8217;s positioning metrics. 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