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.

Friday, 20 March 2015

CBA record high

Stocks soar on interest rate news

A bit tied up yesterday, so slow off the mark on this.

The US Federal Reserve Minutes saw the removal of the word "patient", but nevertheless the statement was generally perceived to be dovish as stronger data is awaited, and a US rate hike will not be seen in April.

The has ramifications for Australian economy too, and it sparked quite a response on our own share markets.

With bulk commodity prices continuing their freefall - the iron ore price now down more than 70 percent from its 2011 peak - further easing in Australia is considered likely.

The ASX 200 (XJO) soared by more than 108 points to 5,950 in response.

We have not seen the XJO at 6,000 since way back in kate 2007, but we're getting close.

Commonwealth Bank went on a tear adding 2.38 percent to close at another new record high of $95.61.


Markets are now pricing in a further interest rate cut by May and two before the end of the year.