Investors may be worrying that appointment of a special counsel to investigate the Trump administration may put a halt to stock market gains as the specter of political turbulence looms ever present. However, the opposite may actually be the case, according to four political operatives interviewed by Barron’s. They contend that the appointment of Mueller as special counsel may actually quiet things down as the left will have little to be angry about. Mueller’s investigation will likely proceed in the background, so the headlines that have engulfed Trump may drop significantly, allowing markets to focus on other issues.
FINSUM: We think this is a pretty astute perspective. Because a counsel has been appointed Trump critics won’t have as much to be incensed about, meaning the news stream may slow.