With the ongoing impeachment trial and minute by minute news headlines, it is hard for investors to break through to the other important issues, which are sidelined while the House managers argue their case to the Senate. Given the GOP numbers in the Senate and a needed 2/3 majority for conviction, it’s a Kabuki play, more showmanship than content.
The only real question is whether or not the process will be dragged on for weeks with the calling of witnesses, a move that only requires a 50% majority. The White House appears ready to argue executive privilege to try and stop former National Security Adviser John Bolton and others from testifying.
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