Pete Wargent blogspot

PERSONAL COACH | PROPERTY BUYER | ANALYST

'Must-read, must-follow, one of the best analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Markets & Economics Editor, Business Insider.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Tuesday, 3 February 2015

Shares to a 7 year high

Interest rates were cut again today after nearly 18 months of stability to just 2.25 percent.

The wording of the release suggests that this may not be a "lone wolf" cut either.

This sparked a few fireworks on the local sharemarket, the XJO (ASX 200) adding another 1.4 percent to a 7 year high at well above 5,700.



Commonwealth Bank (CBA) broke yet another new record high at $90,58 earlier in today's trade.