Look for a strong move lower in the US equity market but look through the lens of an opportunity. I remain bullish equity markets. Politics below.
It is not surprising that the US House Speaker Nancy Pelosi announced that the party was moving forward with a formal impeachment inquiry into the US President Donald Trump. The build up is clearly driven by the Far Left faction of the Democratic Party who are completely focused on President Donald Trump. Pelosi is now driving the the process in what will likely be a battle that shapes the 2020 Presidential Election.
“The actions of the Trump presidency revealed the dishonorable fact of the president`s betrayal of his oath of office, betrayal of our national security, and betrayal of the integrity of our elections,” Pelosi said. “Therefore, today I am announcing the House of Representatives is moving forward with an official impeachment inquiry,” So in the coming months President Trump will be busy with US-China trade war, as well as the usual international issues and now impeachment. It will be an exciting period in US politics.