We’ll Be Back After Noon
Author: Greg Valliere
April 18, 2019
WE WILL WAIT TO PUBLISH until early this afternoon, after the Mueller report is released. The excrement begins at 9:30 ET when spinmeister William Barr, the increasingly controversial Attorney General, holds a press conference; the Mueller report should be released to Congress by late this morning.
WE REITERATE THAT THE IMPACT ON INVESTORS is likely to be muted. We expect plenty of fresh dirt, plus a renewed debate over obstruction of justice, but the financial markets have consistently shrugged off this mess and probably will again today. Chances of House impeachment are still around 20%; chances of Senate conviction are maybe 5%.
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