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, 19 June 2015

Jobless claims decline

Claims down

The US Department of Labor released its initial jobless claims figures, which showed initial claims declining by 12,000 to a better than expected 267,000.

This marks 15 consecutive weeks of under 300,000 claims, a threshold traditionally associated with a robust or firming labor market.

On a seasonally adjusted 4mMA basis initial claims are sitting at 275,625 having declined by 2,000 from 278,750 unrevised from the previous week.

This remains tantalisingly close to the lowest level seen in the 42 years since 1973.



Meanwhile, stock markets continue to go bonkers.

The NASDAQ touched a new intra-day high of 5143, breaking a record which has stood for a decade-and-a-half.


With nonfarm payrolls also printing strong of late and the unemployment rate nudging against a 7 year low it appears to be a matter of time before the Federal Reserve begins to hike interest rates (which should correspondingly have an impact on the Australian dollar).