Finance
Trump impeachment odds are climbing, JPMorgan hedging recommendations
AP/Kathy
Willens
-
President Donald Trump’s chances of impeachment, as
measured by PredictIt, climbed after he was implicated in
federal crimes by his former personal attorney Michael
Cohen. -
While JPMorgan thinks an outright impeachment scenario
is unlikely, it says the process surrounding it could affect
Trump’s actions and have a major impact on markets. -
The firm offers hedging recommendations for investors
looking to protect their portfolios.
As President Donald Trump finds himself implicated in federal
crimes by his former lawyer Michael Cohen, his chances of
impeachment have surged — at least according to one source.
The odds that Trump will get impeached during his first term
climbed to 45% on Wednesday, the highest in three months,
according to data from PredictIt, the “stock market for politics”
that allows users to bet on various goings-on in Washington.
In an appearance on Fox News on
Wednesday, Trump was quick to dismiss the possibility of
impeachment, which Democrats could pursue if they retake control
of the House in November’s midterm elections.
He even went as far as to offer a stern warning — one
that could have investors everywhere feeling unsettled.
“If I ever got impeached, I think the market would crash,” he
told Ainsley Earhardt of Fox News. “I think everybody would be
very poor. …
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