Impeachment of Trump is a hot topic that we have divided into a number of questions and answers regarding the political, economic and financial outlook. A lot more would need to happen for this saga to have a more material impact on the outlook.
It has been a week of political turmoil in Washington DC, where the whirlwind of news about President Trump, former FBI director James Comey and Russia has stoked the chorus for a Trump impeachment. US stocks fell the most since September, Treasuries rallied and the USD dived as the political turmoil puts a dent in investors’ risk appetite following reports that Trump asked Comey to drop an investigation of former National Security Advisor Michael Flynn. The question whether this is an impeachable offense through obstruction of justice has been raised in several news reports and by members of the Democratic Party. The White House has denied the allegations.
The likelihood that Trump will leave office in 2017 has soared to 27%, according to betting market data from PredictWise, but is currently down at 23%.
It is a hot topic that we have divided into a number of digestible questions and answers.