Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).

5 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.

"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the finest property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.

"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.

"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.

"The level of detail in Pete's work is superlative across all of Australia's housing markets" - Grant Williams, co-founder RealVision - where world class experts share their thoughts on economics & finance - & author of Things That Make You Go of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, MacroBusiness.

Wednesday, 29 January 2014

Stocks in green text?

Hooray. I had forgotten shares can go up as well as down after 4 consecutive trades in the red.

A nice little 1.04% boost for the XJO today after consumer sentiment picked up in the US overnight.

6 month chart still looks OK, if a little winded in the mid-section.

In other news, Barack Obama must have broken some kind of world record for standing ovations at the SOTU address today. Obama is to raise the minimum wage in the US. 

Futures markets are pricing in only 1 chance in 20 of Aussie interest rates being cut again on February 4. 

And indeed, at this juncture, markets appear to think that there may be no further cuts to come as low rates begin to bite in earnest.

We've already seen an exuberant inflation reading, we just need some decent jobs numbers then the next move could in interest rates could well be up.

Dwelling prices continue to bound along, with January set to record further increases of well over 1% nationwide.  

Source: ASX