Toppling World Leaders ๐Ÿ‘‘

Toppling World Leadersย 

At the going rate, President Trump and Boris Johnson will be lucky to make it to Christmas! As cries for impeachments and resignations ring out, investors find themselves drafting back-up plans… just in case.

In a single trading session, markets players on both sides of the pond were sent into a spin as pressure mounted on two lookalike world leaders. President Trump is on the wrong end of a formal impeachment inquiry after alleged collusion, and Prime Minister Boris Johnson isn’t faring much better. A supreme court ruling found BoJo guilty as charged for illegally proroguing parliament (and lying to the Queen). In normal times, their races would be run. However, these are not normal times!

Usually, it’s a bad idea to mix investing and politics. However, as chief investment officer Peter Boockvar points out from Bleakley Advisory Group, “this is a news-driven market.” Even if it meant the end of the trade war, news of Trump being driven out would still send investors to panic stations. That’s according to history when Bill Clinton was accused of obstruction of justice in 1998. The market plummeted 20% from previous highs.

Even if BoJo refuses to budge from his Prime Ministerial hot seat, the verdict of the supreme court against him will bring parliament back together today. Brexit debates will resume, which may put Members of Parliament more in control of the process than Boris himself. The chances of no Brexit whatsoever have risen. However, it’s still anyone’s guess as to whether markets will be cushioned with a deal or not if the UK does leave. A bad day at the office all around!

Share:
More Posts
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visaยฎ Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.