Wall Street: Impeachment Wouldn't Disturb Markets

Tommy Christopher

August 24, 2018 4:32 am

Wall Street experts are not impressed by Trump’s threat that the stock market will crash and Americas will be thrown into poverty if he’s impeached, Politico’s Ben White reports.

The “consensus” among Wall Street figures, White writes, is that the strong stock market could easily survive Trump’s impeachment and removal.

What’s more, Trump leaving the White House early could even cause a “relief rally,” since investors would no longer have to worry about the economic harms of Trump’s trade war or his general unpredictability.

“I’m not sure the market would be all that upset by Trump being forced to leave,” Jim Paulsen, chief investment strategist at the Leuthold Group, told Politico. “Many Republicans might welcome it.”

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