Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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

"I've been investing 40 years yet I still learned new concepts; one of the finest young commentators" - Michael Yardney, Amazon #1 bestseller.

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'Superlative work' - Grant Williams, founder RealVision.

Saturday, 16 January 2016

2-0

Apologies for being uncharacteristically slow off the market with looking at yesterday's strong housing finance figures, I was busy in the afternoon attending an event of national importance...


Quite some market activity overnight!

Crude oil slunk below $29/barrel to snare its lowest price since 2004, while the Dow Jones (DJIA) closed down by 390 points having been down around 500 points at one stage. The NASDAQ was down by 2.7 per cent. 

The Aussie stock market was down yet again yesterday to be off by 7.6 per cent already in 2016, with SPI futures pointing to a further 1.8 decline at the open on Monday. 

Aussie stock markets are already at 2.5 year lows and looking set to head down further, while the Aussie dollar got smashed down overnight to just 68.6 US cents, the lowest level since Q1 2009. 

Housing finance figures to follow imminently...