With the history books potentially being re-written in the Trump investigation with obstruction of justice and a Trump impeachment a possibility, a report from Keefe, Bruyette & Woods says the real issue for markets is not a US constitutional crisis. “These investigations threaten to continue to distract Congress from policy matters, like tax reform,” the June 8 research report observed, noting that there is still time to push through market-friendly tax policy. Another issue to slip through during the cloud of the Comey firing might be a Dodd-Frank legislative rollback known as the CHOICE Act. But ignore the bill passed…
As Trump Investigation Clouds, Clock Is Ticking On Legislative Agenda
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.