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Trump Spooks the Markets

Perspectives» |

May 19, 2017

The talk of impeachment remains speculative and on the margins. We would estimate the likelihood of impeachment this year is only 10% with a modest rise to 20% in 2018. We believe a 5-10% correction could occur this year given the likelihood that Trump economic policies will at a minimum be delayed, and also due to increased geopolitical risks in Syria and elsewhere. But overall, we believe that the equity bull market is still intact.

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