Barry Ritholtz, Columnist

Don’t Bet on a Market Crash If Trump Gets Ousted

Based on the past, major political events don’t have much effect.

August 24, 2018 at 6:07 PM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

The stock market will be fine.
Photographer: David Hume Kennerly/Archive Photos/Getty Images

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On Tuesday, after two key allies of Donald Trump — his former campaign manager and his personal attorney — become felons, the president declared in an interview on “Fox & Friends”:

It is an assertion that deserves closer scrutiny: What happens when external events roil markets? How do impeachments, or for that matter, military or terror attacks or even presidential assassinations, affect equity markets?