Should you turn bullish on PM Turnbull?

by Chris Becker

Will a new Prime Minister give stocks and other assets a boost? The longer term benefit to the economy and society will be harder to gauge, but short term gyrations historically do benefit stocks whenever an old PM is dethroned. This chart from Investing in Chinese Stocks tracks the last 3 “oustings” and what happened to Aussie shares thereafter:

The ASX200 is down over 20% from its March high, falling with other markets as Chinas economic freight train slows and the post-GFC easing era in the US comes to an end – or a pause at least.