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.

In my view, Senate Majority Leader Mitch McConnell knows that while the Republican majority will dismiss the charges, an extended trial will hurt the handful of Republican senators who are running in competitive races this year. It is his view that the sooner the process comes to an end the better.

The simple Senate math is that Republicans currently have a three seat majority and are likely to pick up a seat in Alabama giving them a four vote cushion. However, in Maine and Colorado they are defending seats in states Clinton won in 2016, Arizona has gone from red to purple and last year elected a Democratic senator and the Dem...

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