Election Out of the Way, So it is Back to Business

The All Ords, and many of the smaller mining stocks, surged higher last week without any concern that the polls were calling a Labor victory, and so it happened. The Liberals were never in the race. We will now have increased stability of government which cannot be seen as a bad thing.

There seems to be at least one benefit from the result - the Greens have been given a haircut. Quite frankly, I am sick and tired of the Greens demanding this and demanding that, as if their demands even matter. Who cares? Now, they will matter even less.

The obvious losers will be those looking to a nuclear revival. Truth and reality don't matter in the world of emotional politics where the politician can get away with lies and scare mongering. The Liberals handled this part of the campaign poorly and this alone may have been the reason for the swing against them. How else can you explain the result that returned an inept government with an increased majority?

So, it is more of the same. International politics will have a greater impact on the emotions of investors and we will just flow with the tide. 

 WeeklyComm3May2025.pdf