Stocks rally through Trump’s impeachment process as investors bet on a Clinton-like outcome

Stocks rally through Trump’s impeachment process as investors bet on a Clinton-like outcome
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resident Donald Trump was impeached Wednesday night by the House of Representatives, yet stocks were not unnerved on Thursday, ignoring the political firestorm and instead focusing on a trade deal with China and an economy that appears to be reaccelerating.

In this way, Trump’s impeachment process is shaping up to reflect former President Bill Clinton’s, where stocks rallied, as opposed to former President Richard Nixon’s, where stocks fell.

Equity markets have reacted to two of the presidential impeachment processes in vastly different ways, according to data from Bank of America Merrill Lynch.

Source: CNBC

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