From Business Insider’s “US stock futures rise and oil nears 1-year high as investors shrug off Donald Trump impeachment and cheer stimulus” posted early Wednesday:
After a solid start to the year, markets cooled at the beginning of this week. But investor confidence rose once again on Wednesday, despite House Democrats moving to impeach Trump for the second time.
Vice President Mike Pence ruled out invoking the 25th amendment to remove Trump based on accusations that he provoked a right-wing mob to storm the Capitol. Pence’s decision sets the stage for Democrats to move ahead with impeaching Trump.
Yet markets have not blinked at the political turmoil. Instead, they are focusing on the incoming Biden presidency, which is expected to bring more stimulus and stabler international economic relations…
“There is good reason to believe that economic opening and oil demand recovery can kick in quite suddenly once we have managed to vaccinate those aged 65 or older,” said Bjarne Schieldrop, chief commodities analyst at corporate bank SEB.
My take: Events are moving quickly here in the U.S.