Pete Wargent blogspot

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

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

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

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

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

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

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...