President Trump: “I’ll tell you what, if I ever got impeached, I think the market would crash.”
Pretty much every market analyst who was asked about that: “Nope.”
Whether they deserve or not—and they usually don’t—presidents tend to take credit for positive economic news on their watch (and try to defer blame for the bad stuff). President Trump, however, takes it to a new level. He’s clearly convinced, against the facts, that he’s not just mostly riding trends he inherited (as I’ll note, there are some exceptions), and all those trends would crash were he not in charge. (An aside: have you checked out the symptoms for Narcissistic Personality Disorder? I just did…wow.)
For what it’s worth, every expert who was asked about how the markets would respond to Trump’s impeachment said the markets would be fine, if not relieved. Think of it this way: today’s stock market largely reflects expectations of future corporate profits, with a bunch of skittishness, herd behaviors, and random noise thrown into the mix. The latter parts drive volatility, so sure, the market would jump around if political uncertainty spiked.
