Daily Archives: Sep 25, 2019 at 07:14 am EDT

Mr. Market Ponders Impeachment Risk

The House of Representatives has formally launched an impeachment inquiry into President Trump, a turn of events with precious little history and so the investment implications are necessarily speculative. The crowd’s initial response: an orderly but determined move into safe havens, starting with Treasuries. Deciding what comes next is unclear, but it’s a reasonable guess that the political factor will remain front and center until further notice.

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Macro Briefing | 25 September 2019

Democrats launch formal impeachment inquiry on Trump: Reuters
Did Trump already admit to a crime in Ukraine crisis? Fox
Investors consider political risk anew after formal impeachment inquiry: MW
Gold strengthens as US political tensions rise: Bloomberg
China’s foreign minister: US should “remove all unreasonable restrictions”: CNBC
Mid-Atlantic region manufacturing activity eased in September: Richmond Fed
One-year trend for US home prices eased to 7-year low in July: Bloomberg
US consumer confidence stumbled in Sep, slipping to 3-month low: MW