Labour pledges 1 billion, page-7

There have been 4 "change of government" federal election outcomes in the last 36 years. For those who ascribe to the line that "the market is always right", and that the "market is forward looking, not backward looking":

• 3 months after the Hawke/Keating (ALP) government was formed in March 1983, the ASX was up 19.8%
• 3 months after the Howard/Costello (LNP) government was formed in March 1996, the ASX was down 2%
• 3 months after the Rudd/Swan (ALP) government was formed in November 2007, the ASX was up 11.7%
• 3 months after the Abbott/Hockey (LNP) government was formed in September 2013, the ASX was down 1%

Just sayin'.

source: https://www.asx.com.au/education/investor-update-newsletter/201606-how-federal-elections-impact-the-sharemarket.htm