If Democrats try to impeach President Trump, it could rattle markets and create temporary uncertainty, but it is unlikely to succeed.
rebounded from its lows after Trump tweeted that he would release the full declassified transcript of his conversation with Ukraine's president. The market fell again when the. The market's selloff was its largest reaction so far to any headline about impeachment and Trump.
"My sense is the impeachment is well ahead of the country. I don't think it's going to be successful, and ... I don't think the country is behind it. It just adds to uncertainty." said Marc Chandler, global market strategist at Bannockburn Global Forex. "In some ways, what we're saying is Democrats might push for impeachment. Impeachment isn't too popular. Trump would likely have a second term. I think the market would like that.
If there is an impeachment process it could be much like that of President Bill Clinton, who was impeached by the House but not convicted by the Senate. By the time it got to Nixon's impeachment, the markets had already dealt with the Arab-Israeli conflict, the spike in oil prices followed by a big jump in inflation, and the collapse of the Nifty Fifty stocks. The stock market came under even more pressure when the House began impeachment proceedings.
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