Market participants genuinely focused upon the U.S. House of Representative’s vote to impeach President Trump in the week prior to the end of his term. In fact, every major financial broke coverage of their traditional commentary on the financial markets to broadcast the vote on live TV.
The logic of this proceeding has no basis in reality because the outgoing president would be escorted out of the White House if he chose not to leave on January 20. More importantly, if their endgame is to further incite the militant supporters of President Trump and create more havoc than they may be successful.
Rather today’s preceding truly takes away from the incredibly critical important work that the legislation should be focused upon which is dealing with the global pandemic in America. One of the more important discussions that the legislation needs to be working on is the current budget deficit. Read more…..
Chart of the Day
Mike Wilson, Morgan Stanley, with the level to watch on the 10-year yield. With CNBC’s Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and James McDonald.