David Bassanese, Author at BetaShares

Bassanese Bites

Weekly Outlook

Value rotation

Global markets
Risk-on sentiment prevailed across global markets last week – so much so that even previously neglected sectors such as financials began to attract interest. Key drivers were upbeat comments from JP Morgan CEO Jamie Dimon,…

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Weekly Outlook

Breakout?

Global markets
It was risk on again last week in global markets as seemingly encouraging COVID-19 vaccine trials got investors excited early on, before experts started to raise questions about the significance of the results….

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Market Insights

Testing support

Global markets
Last week I headlined my Bites report ‘Testing resistance’, given the focus on whether the S&P 500 could break through recent highs of 2,930 and march onward to 3,000….

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Weekly Outlook

Testing resistance

Global markets
Global equities continued to remain focused on re-opening hopes last week, disregarding apocalyptic economic data from most corners of the world outside of China. The fact Wall Street could rally in the face of 20 million job losses in April,…

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Answers to your most-asked webinar FAQs

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A large audience dialled into the latest of our fortnightly ‘Virus Crisis’ webinars last week. We received many questions from those who attended….

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Weekly Outlook

Reality check

Global markets
Despite a strong rebound in oil prices, last week was perhaps a reality check for global markets as the depth of the downturn in both economic growth and corporate earnings became ever more evident….

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Look out below: U.S. and Australian earnings update

Look out below: U.S. and Australian earnings update

Reading time: 4 minutes
Along with global markets, Australian equities have enjoyed a rebound in recent weeks even as the earnings outlook has deteriorated. This note provides an outlook on both U.S….

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Weekly Outlook

Oil Slick

Global Markets
Not much has been able to roil the US stockmarket of late, but last week’s negative print on the front month WTI oil futures contract finally did the trick….

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Fed faith - Global, US markets and australian economy

Fed faith

This article was originally published in Bassanese Bites on 20 April 2020. For the latest market updates and economic commentary subscribe to Bassanese Bites below.

Global markets
Despite continued shocking U.S….

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Weekly Outlook

Fed faith

Global Markets
Despite continued shocking US economic data and corporate earnings results, hopes with regard to US curve flattening and potential re-opening of the US economy continued to drive a positive view on risk markets last week….

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Weekly Outlook

Peak infection

Global Markets
The S&P 500 rebounded a lazy 12% last week as Wall Street again easily managed to look past weak economic data and focus instead on yet more Fed support programs and further progress on “curve flattening”….

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Weekly Outlook

Eye of the storm

Global Markets
Global markets are still trying their best to “look through” the horrible economic data we’re now going through as a consequence of the COVID-19 lock downs.  Last week, another 6 million were added to US jobless claims and 700,000 Americans lost their jobs in March. …

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Weekly Outlook

Head Fake?

Global Markets
The key question folks: have we seen the low or was last week a bear market rally?  Despite horrible US economic data and an acceleration in their  COVID-19 cases,…

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