President Trump’s claim that the stock market would crash if he were to be impeached are unfounded, holds Ben White of Politico. While the market might see a small downtick due to uncertainty, it would likely bounce back rapidly. First off, Trump would be succeeded by Mike Pence, who probably wouldn’t introduce any major policy changes. In fact, he might even bring more stability, as he doesn’t cause as much controversy on Twitter and doesn’t seem to support sanctions as much as Trump does. Other factors, like tension in the Middle East, a currency crisis in Turkey, or interest rate volatility have far more influence on the stock market.
Donald Trump getting impeached could cause the stock market to drop by up to 5%, writes Matt Whittaker of US News. Investors should take security precautions for their portfolios if this possibility becomes more likely. It would cause immense market volatility, creating a big stock sell-off. A similar decline happened when Richard Nixon left office, seeing the Standard & Poor’s 500 index losing around half of its value. If Trump were to be deposed, this would strengthen Democrats, whose reforms might cause instability. The likelihood of impeachment is very low, as Republicans still hold a majority in the Senate, which would decide.