The S&P 500 dropped 33% in the year following Nixon’s impeachment process.
The S&P 500 rose 39% in the year following Clinton’s impeachment process.
Today, strong financial markets are shrugging off attempts to impeach sitting President Donald J. Trump. Conclusions? Yes, watch corporate earnings, follow the strength of the US economy, and continue to invest passively. There is nothing to see here.
Monday Morning Money Muse highlights random nuggets of wisdom, common sense, horse sense, and sometimes, just plain old nonsense about your money.