Impeaching Trump Like ‘Bill Clinton 2.0,’ Wall Street Says

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Trump walks on the South Lawn of the White House before boarding Marine One in Washington, D.C.Photographer: Andrew Harrer/Bloomberg

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By Felice Maranz and Janet Freund

September 25, 2019 at 12:50 PM UTC

Updated on

September 25, 2019 at 2:28 PM UTC

This article is for subscribers only.

House Speaker Nancy Pelosi’s decision to launch a formal impeachment inquiry of Donald Trump is reminding analysts of proceedings against Bill Clinton in the 1990s, which failed to topple a then-popular president. Other events had more of a market impact then, and might now, too.

Observers also expect little from Congress ahead of the 2020 elections, as the inquiry may sideline potential moves on drug pricing, infrastructure and the USMCA. A deal with China is still up in the air, while an already slipping Joe Biden seems to have been weakened, and Elizabeth Warren’s chances seem to have brightened.