https://www.cnbc.com/2018/08/24/longtime-trump-organization-cfo-weisselberg-granted-immunity-in-cohen-probe-dj-citing-sources.html?__source=newsletter|breakingnews And the market reaction?? "Meh." (I think we're down a whooping 3 S&P points 10 minutes after the fact. Volatility? "Meh." VIX9D <9days to expiry -- rose from 10.00 to 10.25.... Isn't 'Cavuto' a Fox regular? Well, regardless, I like what he said. Somebody, please, put the country first.
Another vote here for Pence does not roll back the tax cuts and maybe defuses the tariff war which the markets will like.(in the video) https://www.cnbc.com/2018/08/24/longtime-trump-organization-cfo-weisselberg-granted-immunity-in-cohen-probe-dj-citing-sources.html?__source=newsletter|breakingnews
Agreed, but I'd most definitely make it *both* parties. What happened to Tip O'Neal? Paul Tsongas? Warren Rudman? William Cohen? John Glenn? Bob Dole? Daniel Patrick Moynihan? George Mitchell? Even from Indiana: Phil Sharp, Lee Hamilton, Dick Lugar.... Name for me a small government, bipartisan, fiscal conservative, and I'll show you someone who's out of office. (Excepting Paul Ryan -- one of my favorites, and three months himself from being a lame-ass duck.) Who do I blame? First would be the philandering liar Hypocrite Slime-in-Chief, Newt Gingrich. (And a historian, too. Shit, man.) But in the current crop, McCONNell, too, and the slime Pelosi, grotesque Shumer. Of the current crop, I'm not sure about the Dems, but Republicans only have Our Man On Taxes Kevin Brady left after November. The rest of 'em -- on both sides, are spineless, gutless, cogs. Good god. ...... Okay. Rant over. Gotta get back to work. Market's up 15 and I have stuff to address.
Ok before analyzing how the market would do if Trump gets impeached. Let's first focus on WHY would the Congress want to impeach Trump. On what grounds? So far Mueller's investigation has come up with nothing regarding this "Russian interference with election" allegation. The guy has no Lewinsky problem and even that didn't get Clinton impeached even when he admitted he lied to cover up the affair. The market is still going up regardless of which market index you look at despite all the trade barriers, tariffs,... And a more pressing problem. After Trump is impeached, who else are we gonna put in place that's guaranteed that he/she will be better??!!! Hillary Clinton, who can't even manage her own emails? Or Bernie Sanders? Or who?
The guy just waiting for it to all happen of course. Pence. Faghetabout Hillary ... or Bernie. At worse Reps will still have WH and Senate. No biggie. Life, the markets and the country will go on. Until Drumpf's alter ego Kim Kardashian runs.
%% LOL; Stocks Soar is most likely scenario. Unless they start impeachment in a SEPT; but in that case its not Pres Trump-its typical SEPT selloff. LOL.
I have a tough time imagining eventual impeachment hasn't been priced into the market since the Steele Dossier in Sept 2016 (and subsequent election). Corruption and conspiracy are not "news" in any conventional sense--not even the comical breadth of it all is particularly surprising. The information is out there and has been adequately digested by the market. I would think there's a small premium to the market in the form of hopes he may not be impeached--but I suspect that's a small premium and all we'd give up when the market recognized impeachment is inevitable.
Tariffs are a genius move. All the public sector entities on the planet are leveraged, most are barely making their minimums and interest rates are rising. Tariffs are taxes., and not progressive taxes so every criminal pos that buys something pays their tax instead of productive people that pay income taxes. Trump is offering the entire world a way to raise taxes to keep their moronic public sector entities and their economies afloat long enough to keep Republicans in power after 2020. The Blue Wave is a fantasy folks, get over it, support your Constitutionally elected President or be sad messes, it's all the same to the rest of us.
This is fun for a thought exercise but there are far too many variables going into this decision. If you really want to get into it, study the charts, not Pence. Cycle analysis is a good place to start. Of course it won’t fully answer the question so why don’t you wait and let the market tell you? Have a plan for three outcomes. That work is more valuable than guesswork.