Jun Bei Liu, lead portfolio manager with Tribeca Investment Partners, writes for the AFR:
The recent election win by the Coalition was a surprise for many, but overall in a good way. We can now look ahead to policy stability without looking over our shoulders for uncertain and potentially disruptive policies that, left unchecked, could have led to an imminent recession.
Since the election result, share prices have rallied across domestic-facing cyclical companies and even the banks have had a meaningful uplift to their equity valuations. In all, billions of dollars have been added to the market capitalisation since the election result, making the Australian market among the best-performing equity indices across the developed world. Incredible performance indeed.
Two weeks in, however, and many investors, like ourselves, are wondering: what next?
To read Jun Bei’s ‘Market Minds’ column, click here.
