RBA has always been highly dispassionate regarding politics when building portfolios, and that unemotional approach might be even more important in the current stormy political environment.
History suggests Presidential elections are not nearly as important to the financial markets as the media plays them up to be, and a focus on fundamentals rather than political slogans has generally been beneficial. Historical asset class and sector performance shows virtually no consistent performance pattern under Democratic or Republican Presidents. In fact, performance is sometimes totally counter to what was expected.