The effort by Democrats to impeach President Trump is not hurting stock prices as Trump claims, but it could if it hurts his re-election.
President Trump claimed that the Democrats' impeachment efforts are hurting the stock market, but strategists say that's not so.
President Donald Trump delivers remarks at the International Association of Chiefs of Police annual conference and expo in Chicago, October 28, 2019.is not impacting the stock market as the president claimed in a tweet, but it could if it begins to hurt his re-election chances, strategists say. Strategists say what is more important to the market is whether Trump is able to secure a trade deal with China that would stop any new tariffs from taking effect by the mid-December deadline.to secure, despite the administration's reassurances and Trump's comments that he would be signing a deal with China President Xi Jinping. Bloomberg reported that Chinese officials have doubts they can reach a comprehensive trade deal even as they get closer to a phase one agreement.
"Since the moment that policy makers got burned by putting their hands on the stove, we have been trying to figure out how to de-escalate and create some sort of mini deal. That suggests to me that this is still on task and likely to happen," Clifton said. The timing is still unclear. "But I think we're on a path to de-escalation."
The impeachment investigation focuses on whether Trump withheld aid from Ukraine in exchange for publicizing an investigation into his Biden and his son, Hunter Biden, who was involved with a Ukrainian gas company.
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