The S&P 500 has dropped the most in a month all on fears of an inquiry into the impeachment of President Donald Trump. Political turmoil has caused ripples across the entire economy.
House Speaker Nancy Pelosi announced a formal impeachment inquiry on Tuesday after she met with her caucus to discuss the call Trump had earlier this year with Ukraine’s leader, Volodymyr Zelensky, where he allegedly pressured him to investigate Democratic presidential hopeful Joe Biden’s family. “Now we have the facts, we’re ready,” Pelosi said. But that kind of rhetoric devastated the stock market.
The S&P 500 dropped 0.8%, its biggest one-day drop since Aug. 23, to 2,966.60. The Nasdaq Composite also had its worst day in a month, dropping 1.5% to 7,993.63. The Dow Jones Industrial Average closed 142.22 points lower, or 0.5% at 26,807.77 after falling more than 200 points at one point. –CNBC
Stocks were able to regain some ground after Trump Tweeted that he would release the full transcript of the controversial call. Trump said in a series of tweets he “authorized the release tomorrow of the complete, fully declassified and unredacted transcript of my phone conversation” with Zelensky.
Historically, stocks struggle when a president faces the possibility of impeachment. In 1998, for example, the S&P 500 fell about 20% at one point from its high to its low as independent counsel Kenneth Starr ramped up his investigation of President Bill Clinton for perjury and obstruction of justice, according to CFRA. The market would bottom as the House began impeachment proceedings and then would later recover all those losses and hit an all-time high in November of that year.
Disappointing consumer confidence data also took its toll on the stocks. Consumer confidence for September slipped to 125.1 from 135.1 in August. Economists polled by Reuters expected a dip to 133.5, according to CNBC.
If Trump’s getting impeached I’m bringing JFK back from the dead. [SARCASM] Not going to happen.
I had Warren as a probable shoe in for the 2020 slot (not that I liked it, it just seemed most likely).
Now I’m wondering if they haven’t cost themselves the election right here.
All they had to do was shut the fuck up and push the global warming hysteria. It was just perfectly set up for them.
And they can’t even manage that. Shut the fuck up… them? Never.
Another nothing burger. The S&P is at 2,985 right now (up 0.67%). Nasdaq is at 8,077 (up 1.05%). Dow is at 26,971 (up 0.61%). The market rises; the market falls. That’s what it does every day.
The Deep State already murdered a president.
22 Nov 1963 -John F Kennedy.
Some believe it was a see i. A, and Joint Chiefs op, in co operation with secret service. Dallas PD also involved? They are still covering up.
Here is a YouTube video: “The JFK Files : The Murder of a President – The Fifth Estate” You must watch this.
The leftist communist took down President Nixon.
Present day, there is a coup against President Trump? The impeachment is sedition. TREASON.
NWO globalist leftist Traitors, are trying to take down the President elected by the American people. Coup d’ etat. TREASON.
And communist Beto Odork thinks he can take American’s firearms.
(Good luck on that one beta soy boy.)
There are consequences and unintended consequences. Life will get interesting.
Movie: “Seven Days in May”
Movie: “Manchurian Candidate” the 1950’s version. -John McCain- RIP.
Movie: “They Live”
Some movies are close to truth.
-My comments censored here-
Are you being censored too?
I was wondering, one, this is a weekly Trump indictment . Next week will be something else. In that aspect… Is Ginsberg close to being gone? Is that one factor in trying to get Trump out. Two, it was a Democratic ploy to get Biden out of the way. Next will be Warren in the shark tank.. Then the most popular Democrat princess will make her way to the podium and declare she is running again for President… HILLARY will be back
I don’t think stocks rising over 160 points on Wednesday equates to tumbling stocks.
T said, “Joe Biden and his son.”
True enough. Then, what happened.
I prefer a little vulgar triumphalism, a little favoritism, over Coyote vs. Roadrunner, for infinity.
What if I am indifferent. A political atheist. What if no side is holy, to me.
Why is one side allowed, allowed (!) to keep causing scares, like that, forever.
I wonder what percentage of lower slobovia invests in stocks. Yeah let’s worship those wealthy bastards.
As soon as the transcript was released and it exposed a nothing burger, Stocks went up and PM went down.
S&P is a few points away from yet another record all time high.
But the truth don’t sell seed banks, generate ad revenue, get suckers to click the amazon links.
Since Mac is out of original scare tactics…….. just like Hollywood was finished producing good original content fifty years ago……..
Time to rerun the Chief Wiggington contrail farce stories.
And then rerun the Peeder Schitt stories.
And then that stinkyassed Shemita guy who couldn’t predict the next sunrise within 72 hours correctly.
This site has gone all to shit. Bullshit articles & Doom Porn. Misrepresented facts and out right lies.
Trump wants them to try impeachment. A trial in the Senate means he can present all the evidence he wants and have anyone he wants questioned under oath. And it will all be televised.
“All the evidence” covers a lot that the deep state would hate for the general public to see.
I doubt that there will be an impeachment trial in the Senate, but if there is, I want to watch every minute of it.