(Bloomberg) -- Investors should be more concerned about the increasing prospects of Elizabeth Warren being the 2020 Democratic presidential nominee than any fallout from the scandal around Donald Trump’s phone call with his Ukrainian counterpart, according to AGF Investments.The outrage surrounding allegations
1 / 2 -- Investors should be more concerned about the increasing prospects of Elizabeth Warren being the 2020 Democratic presidential nominee than any fallout from the scandal around Donald Trump’s phone call with his Ukrainian counterpart, according to AGF Investments.
“Mueller never did,” Valliere said, referring to former Special Counsel Robert Mueller’s investigation into whether Trump and his team had been part of a criminal conspiracy with Russia to tilt the 2016 presidential election against Hillary Clinton. Warren has often focused ire on the big U.S. banks, which fell in early trading Monday, along with the broader stock market. The KBW Bank Index sank as much as 1%, with bellwether Bank of America Corp. slipping 1.3%, Citigroup Inc. dropping 1.1% and JPMorgan Chase & Co. falling 1%.
“The ultimate irony” is that Trump may be “going after the wrong opponent,” Valliere said. “His scorched Earth assault on Biden comes as the former vice president is slipping into second place in the fight to win the nomination. Warren is the candidate Trump needs to worry about; simply calling her ‘Pocahontas’ will not be sufficient to stop her momentum.”
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