How will the ASX do after the votes have been cast and during the wait of the week before results come out? This time around there is obviously A LOT more at stake with labors tax plans especially around CGT and franking so its hard to compare to 2016. With probably the tightest election cast in our history i think it could take more than the 8 days for a candidate to announce the win this time and wouldnt be surprised with a minority government.
My predictions for the intra week wait for results will be.... a sea of red, a sell off on anticipation of Labour claiming government
Predictions ive seen so far from reputable analysts are that with a Labor win the market will likely be hit and down 12-18% - ASX200 in the range of 5100-5400 by December.
Thoughts on the volatility during the intra-week wait for election results and predictions for ASX by December if Labor(or Liberal) win?
