The United States House of Representatives adopted two articles of impeachment on this date ... in 1998. President William Jefferson Clinton became the second United States President to be impeached. The Senate Trial commenced in on January 7, 1999, and President Clinton was found not guilty by the Senate on February 12, 1999. To remove a sitting President from office, 67 guilty votes are required.
There have been a lot of questions about how the "stock market" will react to yesterday's impeachment of President Donald Trump. So far, in a very limited sample, the S&P 500 Index has been up this week and, more specifically, since the House of Representatives' vote to impeach. Here is a look back at how the S&P 500 Index reacted over the 12 month period following the impeachment of President Clinton 21 years and one day ago.
S&P 500 Index Chart courtesy of stockcharts.com
Recent polls show that the country is close to evenly divided on whether President Trump should be removed from office. No matter how you feel, I hope that we can all agree that impeachment should not be one of our holiday traditions.
Past performance is no guarantee of future results. Stock investing involves risk, including loss of principal.
All indices are unmanaged and may not be invested in directly.
The opinions expressed in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results.