Traders do not see the impeachment as an event that will impact the status quo, meaningfully disrupt the presidency or hurt the economy
will do well through 2020. Typically, one might expect major political turmoil like an impeachment of the president to shake up those good sentiments. But that does not seem to be happening.will not be convicted
in the Senate, which is controlled by Republicans. The actions of traders today show that they also do not believe that this impeachment will interfere with the President’s agenda, such as pursuing trade deals. Perhaps it helps that the Speaker of the House, Nancy Pelosi,the House to approve the USMCA trade deal with Mexico and Canada. In doing that, the Speaker showed that the impeachment will not interfere with economic prosperity.
In fact, the price of gold is simultaneously dropping slightly. That indicates that people are not worried about a downturn. It is quite the opposite. Whatever is happening with impeachment on Capitol Hill, the finance world is betting it won’t interfere with their wallets.
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