Trump Impeachment Threat Is Mission Impossible for Wall Street
- Latest drama raises questions over China trade talks
- ‘You can’t trade this stuff right now,’ Michael Purves says
With a statement lasting only a few minutes, House Speaker Nancy Pelosi unleashed an impeachment inquiry that has the potential to move the price of everything from soybeans to stocks, bonds and the U.S. dollar.
The only problem? Figuring out in which direction all those prices will move. Traders will have their work cut out for them when assessing the impact of this new effort to dethrone an unpredictable leader who has influenced markets like no other U.S. president before him -- and who already has survived several mortal threats to his presidency. Despite a newly-released memo recounting a phone call in which President Donald Trump asked his Ukrainian counterpart to investigate Democratic rival Joe Biden, what lies ahead in politics -- and markets -- is far from certain.