Forget Impeachment, the Market is Discounting a Trump 2020 Landslide

The impeachment trial officially begins today.

Like him or hate him, President Trump has branded the stock market as “his.” Treasury Secretary Steve Mnuchin has even admitted on record that the Trump White House sees the stock market as a “report card.”

With that in mind, the markets are currently suggesting there is ZERO chance of President Trump leaving office. Markets have just surged to new all-time highs after the House passed the Articles of Impeachment into the Senate.

Internals are strong as well, with breadth breaking out to the upside.

Looking at this, it appears the market is NOT discounting President Trump leaving office. If anything, it is discounting the President winning 2020 in a landslide.

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Graham Summers

Chief Market Strategist

Phoenix Capital Research