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).
4 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 better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.
"Pete Wargent 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'.
"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.
Thursday, 3 July 2014
US jobs, stocks soar
Another blow for the "it's not a recovery, it's a bubble meme" as the US economy continues to add jobs at a searing pace and stocks keep climbing to record highs.
The ADP National Employment Report recorded another 281,000 jobs added in May, smashing expectations of 'only 205,000.
The US economic recovery continues...
According to David Scutt's always excellent analysis, this is the fifth largest monthly gain dating back to 2001 and the strongest print since late 2012.
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What a 5 year run it's been for US stocks as low interest rates and quantitative easing continue to swell valuations to new highs.
Who knows when the music stops?
Whenever that may be, it has been a very, very costly exercise to be sitting in cash because of a supposed non-recovery, with both the Dow Jones (DJIA) and the S&P 500 both absolutely flying.
The Aussie stock market has been more range-bound by comparison.
Speaking of range-bound, the stock I am trading at the moment is Transfield Services (TSE):