CNBC: A potential Trump impeachment is a ‘huge risk’ for 2019, expert says
* Investors and businesses are bracing for 2019 risks such as interest rate hikes from the Federal Reserve and an escalation in U.S.-China trade tensions.
* But the impeachment of Trump has rarely been discussed as a market factor, partly because it still isn’t clear whether Democrats would opt to go down that route when they take control of the House in 2019.
* Whether or not the impeachment process gets underway, it’s likely to feature highly in U.S. political discussions and cripple Washington’s ability to get things done, said Steve Okun, senior advisor at McLarty Associates.
Investors and businesses may have overlooked one big risk that could come out of Washington next year: The possible impeachment of U.S. President Donald Trump.
Markets are bracing for a more difficult 2019, with risks such as interest rate hikes from the Federal Reserve and an escalation in U.S.-China trade tensions at the top of many people’s minds. But the possible impeachment of Trump has rarely been discussed, partly because it still isn’t clear whether Democrats will go down that route when they take control of the House in 2019.
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WNU Editor: The rise of interest rates by the US Fed and the impeachment of President Trump will be the two main factors that will drive the stock market down. The current trade war with China is number three.