, Columnist
After a Trump Impeachment, Expect the Market to Bounce
His party probably won’t turn against him until an economic downturn is near its trough. That’s what happened to Nixon.
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President Donald Trump's comment Thursday morning that the stock market would crash if he's impeached has the causality backward: Without a stock market crash, it's unlikely he'll ever be successfully impeached. Only after or in the middle of a crash would the political environment change enough to get Republicans to abandon him and impeach him.
But if this scenario were to unfold, an actual impeachment would probably end up being a bullish development, not a bearish one. For evidence look to the slow end of the Nixon administration.