With no relevant news in the business-economics field that could bring any enthusiasm to the market just a few days before Christmas, investors are now more entertained by the saga of the impeachment process taking place at the House of Representatives of the US Congress, which is expected to come out a conviction, but will not result in Trump’s removal from office, as the process is unlikely to pass afterwards in the Republican-dominated Senate, where he needs a two-thirds majority to convict on either of the two topics under review , abuse of power and obstruction of Congress.
As I have mentioned earlier the next few days should not bring big swings in the market, whether in the equity sector, commodities or Forex, after the crazy days of the British Pound because of the Brexit theme. This is a good time for traders to evaluate their strategies implemented during the year, as well as to anticipate the best opportunities in early 2020, which will certainly be a good place for major investment funds to start executing their strategies. medium-term strategies, for example in the sector choices that could benefit most from a Trump re-election in November next year.
Photo by Jamie Street.
