Authorim 31 name is travis and lived a long hard life just like the most of you so i created this page to hopefully teach some of you a little something about investing and starting young if i knew then what i know now i would be a millionaire
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Economy- and earnings-focused investors ‘can compartmentalize,’Corporate earnings and the economy still appear to carry more weight with investors than President Donald Trump’s mounting legal and political woes, including the threat of impeachment. According to political prediction markets, impeachment odds rose after Trump’s former personal attorney on Tuesday pleaded guilty to campaign finance violations and his former campaign manager was convicted on tax and bank fraud charges. In a Thursday interview on Fox News Channel, Trump predicted that if he were to be impeached, the stock market would “crash.” Investors aren’t in panic mode, however. Stocks have drifted slightly lower but have largely held their ground. The S&P 500 SPX, -0.17% ended less than 0.1% lower on Wednesday after flipping between small gains and losses, while the Dow industrials DJIA, -0.30% shed 0.3%. Stocks on Thursday gave up early gains to finish slightly lower, but left the S&P 500 just 0.6% away from its all-time high. Why so resilient?J.P. Gravitt, chief executive of research firm Market Realist, said there’s a two-fold explanation for the market’s resiliency.
For stocks to sell off on impeachment fears, investors would “have to suppose that Trump is responsible for everything good in the market to suppose that the opposite would be true, and second we would have to know with a capital K that he will be gone and when any changes would be made to reverse his policies,” While investors are unlikely to panic, Gravitt said a more material threat could exert psychological pressure closer to midterm elections in November or if Special Counsel Robert Mueller “finds something more damaging.”
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