CNBC: "No, this isn't Watergate, at least from the market's perspective"

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CNBC: "No, this isn't Watergate, at least from the market's perspective"

Excerpt from Jeff Cox’s latest article for CNBC quoting DataTrek co-founder Nick Colas:

….. “The widening net hauling in the president’s advisors one day could snare him — the PredictIt event wagering site sees a 48 percent chance of impeachment. But worries that the ongoing tumult could threaten the state of the economy or corporate America remain scant.

“Aside from a panicky drop on nasty sounding headlines (which we will tell you to buy), all this will run its course,” Colas said. “Anticipated corporate earnings and interest rates drive stock prices, and nothing else”…..

Read the whole article and the rest of Nick’s quotes here on CNBC!