Via Damien Boey at Credit Suisse:
Against the odds, the LNP has won the Australian Federal election.
In his victory speech, Prime Minister Morrison said that he had always believed in miracles. He described the election victory as a miracle – but over and above the first miracle he had already experienced in the form of his family. We think that this turn of phrase is actually quite appropriate to describe what will happen next in markets and the real economy.
