- IMO
- If Trump is impeached.
- The markets take a 2%+ hit.
IMO ...If Trump is impeached - The markets take a 2%+ hit.
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2%? Are you nuts? We had a 20% hit when Trump was in just a year ago, and that was simply because of the Fed. Nah, take the market down 40% if he is removed from office. New recession.
Of course, he won't be removed from office, because everyone is saying he is acquitted in the senate.
I know what I am talking about, because I am long in the MNQ, and that means 20% drop within the contract's lifespan. So 20% down into mid-March 2020.
You should understand that to be IMPEACHED simply means the house voted to bring charges against him. He will most certainly be impeached. The Senate then assesses those charges and determines whether he will be acquitted - or convicted and removed from office. I think we know how that will go.
Meanwhile...quietly and without fanfare... the new spending bill getting passed and signed this week guts the cadillac tax and other key ACA provisions.
Meanwhile...quietly and without fanfare... the new spending bill getting passed and signed this week guts the cadillac tax and other key ACA provisions.
You can expect some new trading algos to react to the vote.. maybe.
Almost 60% of Americans support impeachment. It won't be Joe 401k selling his stock in protest, it'll be robots and Trump's billionaire cronies he's bent a knee to since the beginning of his presidency.
If that's the case, I hope it falls 20%. Just a buying opportunity for me. Being young enough, I'd love a recession to purchase great companies at dollar general prices.
That only works if you have a substantial amount of capital in cash or are comfortable holding on margin.
Most people see this for what it is and have moved on.
