Switzer on Saturday

Impeachment talk is just peachy for trade deal optimists!

Founder and Publisher of the Switzer Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
27,681.24
6.44
0.02%
1.22%
S&P 500
3,093.08
7.90
0.26%
0.85%
NASDAQ
8,475.31
40.80
0.48%
1.06%
ASX 200
6,724.10
-2.50
-0.04%
0.82%
Data for week commencing 04 November 2019

OK, call me an obsessed Trump watcher (after trying to work this guy out for three years) but the chance of his impeachment increasing has resulted in a great trade deal dividend. And it’s got so impactful that the headlines overnight tell us that not only could there be actual tariff reductions on China and therefore on US products but even German cars won’t be tariffed.

Donald is playing Mr Nice Guy to his old trade adversaries. You have to assume that impeachment fears are building up, as we see the US election year looming undoubtedly means that the President and his economic advisers want a strong end to the year for stocks, as a prelude to an economic growth lift in the 12 months before the poll.