Pete Wargent blogspot

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

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

'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.

'The most knowledgeable person on Aussie real estate - loads of good data & charts, the most comprehensive analyst I follow in Australia...follow Pete Wargent' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

'Superlative work' - Grant Williams, founder RealVision.

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.