Why investors don't need to worry about a potential Trump impeachment.
Given the extent to which President Donald Trump's whistleblower scandal has roiled political circles, the drama engulfing Washington has had little spillover effect on Wall Street. Financial experts say worried investors should stay the course and not react to volatility.
Investors have more pressing concerns in the near term, he added. “I’m more concerned with the status of trade negotiations in China and the potential for military action in the Middle East."Fox Business News’ Maria Bartiromo, who said that stocks fell after House Speaker Nancy Pelosi, D-Calif., announced plans for an impeachment inquiry .
“Crash is very pejorative," said Jamie Cox, managing partner at Harris Financial Group."It’s kind of a hyperbolic word. Markets would fall — a crash is not something I would expect.” “If you already have an appropriate asset allocation model which includes your time horizon, then you really don’t have to do anything,” he said. “Ultimately, the economics will bear this out. Business spending is getting weak, manufacturing is getting weak, but the consumer is still holding on really well. It remains to be seen how consumers are affected by this.”
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