Bull market could survive Trump impeachment effort but get battered in the process

  • 📰 CNBC
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

If Democrats try to impeach President Trump, it could rattle markets and create temporary uncertainty, but it is unlikely to succeed.

rebounded from its lows after Trump tweeted that he would release the full declassified transcript of his conversation with Ukraine's president. The market fell again when the. The market's selloff was its largest reaction so far to any headline about impeachment and Trump.

"My sense is the impeachment is well ahead of the country. I don't think it's going to be successful, and ... I don't think the country is behind it. It just adds to uncertainty." said Marc Chandler, global market strategist at Bannockburn Global Forex. "In some ways, what we're saying is Democrats might push for impeachment. Impeachment isn't too popular. Trump would likely have a second term. I think the market would like that.

If there is an impeachment process it could be much like that of President Bill Clinton, who was impeached by the House but not convicted by the Senate. By the time it got to Nixon's impeachment, the markets had already dealt with the Arab-Israeli conflict, the spike in oil prices followed by a big jump in inflation, and the collapse of the Nifty Fifty stocks. The stock market came under even more pressure when the House began impeachment proceedings.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What bull market?

Market was doing just fine before Trump thank you.

realDonaldTrump brown face make up is very offensive! Justin Trudeau should giggle and point to this idiot!!!

They can impeach Trump all they want, Doesn't matter bc the same agenda will continue and carry on & Pence likely would do very well seeing to that

If the Democrats impeach our president there’s gonna be hell to pay in this country

Looks like the battering started today

Wait wait y’all were saying a recession is on the way 2 weeks ago? Now the bull market will survive a impeachment of the president.

Umm Thats big negative.

Looks like he's doing overtime in the booth lately.

He will make a China deal to prop things up I'm sure.

that’s not surviving, that’s called dying

175 In Congress Want Trump Impeached

Why does this jerk have white around his eyes

Blame democrats

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines