David Bassanese, Author at BetaShares

Strategic Retreat?

Week in Review The key highlight across global markets last week was the fact that Wall Street simply shrugged in the face of an escalation of the trade wars. As noted last week, Wall Street rallied on the day America’s first instalment of tariffs on $US50 billion of Chinese imports came into effect, which China

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Sell the rumour

Week in Review Global markets remained cautious for much of last week ahead of the Trump Administration’s Friday deadline to impose a 25% tariff on $US34 billion worth of select Chinese imports.  The tariffs duly went into effect and China, as promised, vowed speedy retaliation – without specifying specific measures as yet. As it turned

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Market Trends: July 2018 Update

Trade war concerns kept global equities in check during June but the Australian market did well.  Download the first edition of my new Market Trends report, detailing current and potentially emerging trends across equity and bonds markets. Market Trends – July 2018 Update

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Trade Wars

Week in Review Trade jitters were the major concern affecting global markets last week, which contributed to lower global equities, bond yields and the $US. Fears that Trump was about to impose new restrictions on Chinese investment in tech companies jolted sentiment, though the Administration backpedalled a day later and agreed to adopt a less

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AUD/USD - where to from here?

AUD/USD – where to from here?

The Australian dollar has traded a wide up-trending range against the $US since early 2016, though appears to have broken below this range more recently. This note provides an updated valuation framework to explain recent $A behavior. The model also suggests that, under reasonable assumptions, the $A could test US71c by year-end. $A – breaking

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ASX Breakout!

Week in Review It was a down week for global equities in general, thanks in large part to US President Trump’s threats to impose even more tariffs on Chinese and European imports. So far at least, however, what’s apparent is that countries are not bowing to Trump’s threats. That said, markets are still assuming (with

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Australian House Price Valuation Update: What’s cheap, what’s expensive?

The latest Australian Bureau of Statistics Residential Property Price Report suggests house prices eased in most capital cities in the March quarter. This note provides an update on my house price valuation estimates. It suggests that while Sydney property remains relatively overvalued, several other capital cities now appear relatively cheap.  Importantly, however, overall Australian house

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The Greenback is back

Week in Review It was a generally soggy week for global equities thanks to Trump’s renewed trade war with China and a hawkish Fed Reserve meeting.  While the S&P 500 was flat last week, however, the tech heavy NASDAQ-100 rose 1.4% and continued to push to new record highs.  US tech has been a favourite

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