David Bassanese
Betashares Chief Economist David is responsible for developing economic insights and portfolio construction strategies for adviser and retail clients. He was previously an economic columnist for The Australian Financial Review and spent several years as a senior economist and interest rate strategist at Bankers Trust and Macquarie Bank. David also held roles at the Commonwealth Treasury and Organisation for Economic Co-operation and Development (OECD) in Paris, France.
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A pull back in global bond yields led to stronger returns for both growth and defensive assets in May.
The main event over the month was a relatively more benign US consumer price inflation report – after three consecutive higher-than-expected monthly results. Also market supportive was a de-escalation in military tensions between Israel and Iran, following their tit-for-tat exchange of rockets over the previous month.
With inflation still expected to decline, and central banks still expected to eventually cut interest rates, the market outlook remains encouraging – though the risk of a continued short-run equity market correction remains high.
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David is responsible for developing economic insights and portfolio construction strategies for adviser and retail clients. He was previously an economic columnist for The Australian Financial Review and spent several years as a senior economist and interest rate strategist at Bankers Trust and Macquarie Bank. David also held roles at the Commonwealth Treasury and Organisation for Economic Co-operation and Development (OECD) in Paris, France.
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