David Bassanese, Author at BetaShares

Bassanese Bites

Weekly Outlook

Earnings lift

Global markets
Global equities enjoyed a second successive week of gains, reflecting a good start to the Q3 U.S. earnings reporting season and a U.S. consumer price index report that was at least not a lot worse than feared….

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Market Insights

Freedom Day!

Global markets
Global equities bounced back last week reflecting an 11th hour deal in Washington to kick the debt ceiling can down the road until early December. Such is the likely short-run oversold nature of equity markets,…

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Weekly Outlook

Tech wreck

Note: Data in tables and charts refer to Friday closing prices (not overnight moves)
Global markets
A month or so ago the main worry on global markets was that there didn’t seem much to worry about (i.e….

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Weekly Outlook

Bond worries

Global markets
Fair to say it was a mixed week for global equities, with Wall Street slumping initially only to then more than recover lost ground over the remainder of the week….

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Weekly Outlook

Pullback

Global markets
Global equities traded heavily last week, with Wall Street decidedly unwilling to rally even on good news. Indeed, the U.S. August consumer price index report came in a bit lower than expected,…

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Weekly Outlook

Stagflation

Global markets
U.S. stocks sagged last week – absent any clear trigger – reflecting general concerns with a combination of weakening growth due to delta, but also persistent pricing pressures due to lingering supply bottlenecks,…

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Weekly Outlook

Becalmed

Global markets
It was a relatively muted week on global markets following the flurry of excitement around the Fed’s taper intentions over the previous week. All up, the story remains that equities continue to grind higher,…

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Weekly Outlook

Softening up

Global markets
Global equities bounced back last week reflecting a relatively dovish speech by Fed chair Powell at Jackson Hole on Friday. The key takeaway from the speech was that the condition of “substantial further progress”…

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Weekly Outlook

Recession risks depend on the vaccine rollout

Next week’s June quarter GDP result will be the first test of whether Australia can avoid a double dip technical recession this year.  Due to lockdowns in New South Wales and Victoria,…

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Market Insights

Delta delay?

Global Markets
Global equities suffered a setback last week as minutes from the latest Fed meeting suggested it was closer to “tapering” its bond purchases somewhat earlier than anticipated.  Specifically, the minutes indicated “most”…

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Weekly Outlook

Low wages likely rules out RBA bond tapering

Today’s lower than expected wage price index result only highlights the challenges facing the Reserve Bank in attempting to get wage inflation up to the 3 to 4% p.a. levels considered consistent with it’s 2 to 3% inflation target. …

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Market Insights

Grinding on

Global markets

Global equities continued to grind higher last week reflecting ongoing solid corporate earnings and still relatively benign bond yields. Indeed, lingering fears with regard to the potential impact of delta on economic growth are likely helping offset fears which may otherwise have arisen from strong U.S….

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Market Insights

$A to test US68c

Global markets
Global equities pushed onwards last week as solid U.S. earnings and economic reports outweighed concerns with regard to eventual Fed tapering and the pesky delta variant. Although U.S. July manufacturing indices were a touch weaker than expected,…

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