Bassanese Bites: Correction continues – April 22 2024
Global markets – week in review The global equity market correction continued last week, with a solid US retail sales report and a hawkish tilt by Fed chair Powell further unsettling bond and equity markets. One market reprieve was signs that Iran is seeking to avoid …
Bassanese Bites: Tit for tat? – April 15 2024
Global markets – week in review Rising Middle East tensions, a higher-than-expected US CPI report, and a soft start to the US earnings reporting season conspired to push US equities down for the second week in a row. Bond yields and the $US rose as US …
Bassanese Bites: What landing? – April 08 2024
Global markets – week in review It was largely a case of good news is bad news again on Wall Street last week, with a series of stronger-than-expected activity reports pushing back rate cut expectations further – pushing up bond yields and pushing down equity prices …
Bassanese Bites: What’s the hurry? – April 02 2024
Global markets US stocks edged up further last week and bond yields were steady as a key inflation report matched expectations and Fed chair Powell continued to sound relaxed and comfortable. While the next move in US rates is likely still down, the Fed (rightly) is …
Bassanese Bites: Fed fever – March 25 2024
Global markets US stocks bounced back solidly last week and bond yields declined as the US Federal Reserve retained its expectation of three rate cuts this year at its March meeting – despite upgrading its near-term growth and inflation outlook. …
Bassanese Bites: Hot stuff – March 18 2024
Global markets Is it just me, or is it getting hot in here? US stocks eased back only a touch further last week despite a lurch higher in bond yields and two stronger-than-expected inflation reports. The $US also firmed, with markets reducing further the prospect of …
Bassanese Bites: Not far now – March 11 2024
Global markets US stocks eased back a touch last week – despite generally encouraging events – suggesting the market is likely just experiencing an element of exhaustion. Bond yields and the $US eased back reflecting dovish Fed commentary. …
Bassanese Bites: Powell & payrolls – March 04 2024
Global markets US stocks continued to grind higher last week following a key inflation report that was no worse than expectations. Optimism around the Q4 earnings reporting season also helped as did ongoing euphoria around AI. Bond yields eased a touch and the $US remained steady. …
Bassanese Bites: Consolidation – February 26 2024
Global markets US stocks bounced back last week after a small inflation related dip the previous week, with the S&P 500 gaining 1.7%. Bond yields and the US dollar were broadly steady. …
Bassanese Bites: Price shock – February 19 2024
Global markets Just as Glenn Close shockingly sprang back to life in the climatic final scene of the movie Fatal Attraction, so it seems that US inflation could be rearing back into view. That’s the ghastly fear that’s now stalking Wall Street. Wall Street’s 5-week winning streak …