Alto Capital investment manager and stock market pundit Tony Locantro updates Proactive Investors on his recent musings, breaking down current market conditions prior to the Australian Federal Election tomorrow.
"We've got this dreaded election on Saturday ... I think we've got this 45% peak-to-trough correction in Sydney house prices well underway," says Locantro.
He continues, "Our economy which is driven by the consumer, the 58% - the consumer's maxed out - and we're heading for an inevitable recession.
"When Labor wins it's going to be the economic equivalent of being sandpapered to death."
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