Your Presidential Impeachment Portfolio ๐Ÿ‘”

Table of Contents

Your Presidential Impeachment Portfolioย 

The democrats believe they have a precedent for impeaching the President. In July, he allegedly connived with other world leaders to get dirt on Joe Biden, his election rival-to-be. Heโ€™s put his fingers in his ears, but democratic challengers are now burning the midnight oil to stack up evidence against him. They want Trump out by Thanksgiving!

Will the President be impeached by the House of Representatives? Probably, yes. Will the President then play a โ€˜get out of jail freeโ€™ card in the Senate, having all the charges defeated and remaining in office? Probably, yes.ย 

All this must be dรฉjร  vu for investors who played the markets in 1973 and 1998. First, President Nixon was dragged before a court. Sadly for him, he didn’t have Senate friends to bail him out of Watergate. He walked! However, the economy was already halfway down the tubes at that point, stocks being “reduced to clear” due to economic factors such as the oil boom, rather than political dramas.

20-odd years later, Bill Clinton “did not have sexual relations with that woman, Monica Lewinski.” He was also impeached but survived a Senate vote by the skin of his teeth. Stocks were all over the place back then. Investors briefly went “risk-off,” buying up bonds and gold, but then celebrated his Senate , sold their golden bars, and pushed on from there.

So, the President isn’t crucial to markets, which will accept even the most business-bashing nominee so long as they promise stability. However, investors have never seen a White House resident get booted out of office during a bull run like this, especially with a trade war thrown into the mix! Expect volatility, but never bet against the USA. It still has the special sauce!

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.