Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), & CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).

5 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's one of the finest property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete 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 & charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, author of the New York Times bestsellers 'End Game' & 'Code Red'.

"The level of detail in Pete's work is superlative across all of Australia's housing markets" - Grant Williams, co-founder RealVision - where world class experts share their thoughts on economics & finance - author of Things That Make You Go Hmmm, one of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, 'MacroBusiness'.

Tuesday, 29 December 2015

8 in a row

8 on the bounce

2015 has by and large been a year to forget for the stock market. 

But, just when nobody is looking, after eight consecutive positive trades the ASX 200 (XJO) is at least making a last ditch bid to finish the year back where it started.

The index is now up by more than 7 per cent since its December 16 low.

It remains more likely than not that the index will finish the calendar year down, but in accumulation terms (i.e. inclusive of dividends) investors should now at least have eked out small gains.

Sectoral overviews

This year has been one of stark contrasts, so it is worth considering sector index overviews.

Despite the recent bounce, the Resources Index (XJR) is down by more than 27 per cent year-on-year, the Metals and Mining (XMM) index is down by 27 per cent, and the Energy Index (XEJ) is down by more than 32 per cent. 

On the other hand the Industrials Index (XNJ) and the Health Care Index (XHJ) have each recorded gains of around 10 per cent respectively.

Overall, then, it may well have been a lucrative year, but probably not if you have broad exposure to commodities.