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I have to admit – I wasn't too surprised that congressional Democratic leaders roiled markets last week when they announced a formal impeachment inquiry into U.S. President Donald Trump.
Love him or hate him, I wish politicians would give it a rest.
As Chief Investment Strategist, I care about one thing and one thing only: helping you invest profitably. I'm here to help you grow and protect your money.
OK, technically that's two things – no matter.
Let's run through the possibilities. They're not as scary as they might seem…
Here's What Matters to Global Investors and Traders
Stock markets are, by their essential nature, forward-looking, future-discounting "organisms." They're always looking ahead, which means there's not likely to be much crying over yesterday's spilled milk.
Every day, I talk with traders all across the planet, and, overwhelmingly, they're already focused on what a Pence administration would look like and how that might impact the bets they've made on manufacturing, productivity, labor, prices, and much more.
My trading contacts want growth very simply because growth is great for their money – and yours, too, no doubt.
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From an investment standpoint – and it doesn't matter if they're personal fans of this president or they hate his guts – what these traders don't want is some sideshow that distracts everyone from moving ahead. And I don't care if it's impeachment, investigatory hearings, or ordering a pizza, congressional proceedings are by nature… big, noisy, neon-lit sideshows.
About the Author
Keith Fitz-Gerald has been the Chief Investment Strategist for the Money Morning team since 2007. He's a seasoned market analyst with decades of experience, and a highly accurate track record. Keith regularly travels the world in search of investment opportunities others don't yet see or understand. In addition to heading The Money Map Report, Keith runs High Velocity Profits, which aims to get in, target gains, and get out clean, and he's also the founding editor of Straight Line Profits, a service devoted to revealing the "dark side" of Wall Street... In his weekly Total Wealth, Keith has broken down his 30-plus years of success into three parts: Trends, Risk Assessment, and Tactics – meaning the exact techniques for making money. Sign up is free at totalwealthresearch.com.