David Bassanese, Author at BetaShares

Bassanese Bites

Weekly Outlook

Outbreak

Global markets
Global equities pushed ever higher last week as the rollout of vaccines and the lingering promise of a U.S. stimulus deal outweighed serious but seemingly now ‘lagging’ news on soaring COVID cases,…

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Weekly Outlook

Deadlock

Global markets
It was a frustrating week for global markets with the U.S. failing to agree on a new stimulus plan and the UK and EU also failing to agree on the terms of their post-Brexit trade relationship….

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Weekly Outlook

Drugs and money

Global markets
Despite a weaker than expected payrolls report, and surging COVID cases, U.S. stocks hit new records last week, buoyed by an apparent breakthrough in fiscal stimulus talks and ongoing excitement about an impending vaccine rollout….

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Weekly Outlook

Heal the world

Global equities
Last week again highlighted the forward-looking nature of markets, with global equities pushing higher on further positive vaccine news, despite a softening in economic data and ever-rising COVID cases in the United States….

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Weekly Outlook

Markets consolidate

Global markets
Weighed down by rising COVID cases, U.S. stocks pulled back last week – which is likely a consolidation after two solid weekly gains on the back of the U.S….

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Weekly Outlook

Race against time

Global markets
Global post-U.S. election optimism continued last week, buoyed by hopeful signs with regard to a COVID vaccine. The S&P 500 rose 2.2% after a solid 7.3% gain in the previous week to reach a new record high….

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Weekly Outlook

Testing resistance

Global markets
After threatening to break support at the late September low in the previous week, the S&P 500 rebounded last week to end near resistance at the mid-October high. The U.S….

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Weekly Outlook

Testing support

Global markets
A litany of negative factors conspired to push equities lower last week, with the U.S. S&P 500 down a chunky 5.6%. Rising COVID cases in Europe and the United States,…

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Weekly Outlook

Unresolved

Global markets
Global equities pulled back last week, interrupting the rebound we’ve been enjoying so far this month after the September correction. The theme of the past week is ‘unresolved’. U.S….

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Weekly Outlook

Melb Cup cut

Global markets
Global equities were largely flat last week, reflecting disappointment on U.S. fiscal stimulus talks and concern over new social distancing restrictions in Europe as COVID-19 cases mount. The $US firmed and gold weakened,…

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Weekly Outlook

Biden time

Global markets
Global equities enjoyed their second successive positive week, suggesting the ‘correction we had to have’ may well be over. The main market driver last week was the on again/off again/on again U.S….

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Weekly Outlook

Stimulus hopes

Global markets
Global equities enjoyed their first positive week in a month, largely on the back of U.S. fiscal stimulus hopes – and despite polls suggesting Biden is now even more likely to win the Presidential election following a steady performance in last week’s debate….

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Weekly Outlook

Riding the wave

Global markets
It was a week of consolidation for global equities as some investors could not resist finally buying into the first decent pullback in stocks for some months. The S&P 500 edged down another 0.6% for the week –…

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