Forget Impeachment Testimonies, This Market Only Cares About Trade

Credit: The Street
Published on November 21, 2019 - Duration: 01:13s

Forget Impeachment Testimonies, This Market Only Cares About Trade

On Wednesday, we got some trade news that--for the markets at least--helped investors shrug off the incendiary headlines that were coming out of the impeachment hearings.

So, let's talk about one headline on particular.

In case you missed it, Ambassador Gordon Sondland, who is the U.S. ambassador to the European Union testified Wednesday that he followed President Donald Trump's orders to pressure Ukraine.

When asked about the incendiary testimony, Jeff Marks, senior portfolio analyst with Jim Cramer's Action Alerts PLUS portfolio, explained that the market still only cares about trade.

"What's going to happen December 15th are [the tairffs] going to come off or will tariffs be raised?" Asked Marks.

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