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 finest 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.

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...