This is not political so don’t jump all over me for this, but I was wondering how long the impeachment drama might go on until the final vote in the Senate. This is about TIMING and what the markets will do, and how high the VIX might go. I can reference only what happened before for guidance.
So this from Wikipedia:
“The impeachment of Bill Clinton was initiated on October 8, 1998, when the United States House of Representatives voted to commence impeachment proceedings against Bill Clinton, the 42nd president of the United States, for “high crimes and misdemeanors”. The specific charges against Clinton were lying under oath and obstruction of justice. The charges stemmed from a sexual harassment lawsuit filed against Clinton by Paula Jones and from Clinton’s testimony denying that he had engaged in a sexual relationship with White House intern Monica Lewinsky. The catalyst for the president’s impeachment was the Starr Report, a September 1998 report prepared by Independent Counsel Ken Starr for the House Judiciary Committee.
On December 19, 1998, Clinton became the second American president to be impeached (the first being Andrew Johnson, who was impeached in 1868)[a] when the House formally adopted articles of impeachment and forwarded them to the United States Senate for adjudication. A trial in the Senate began in January 1999, with Chief Justice William Rehnquist presiding. On February 12, Clinton was acquitted on both counts as neither received the necessary two-thirds majority vote of the senators present for conviction and removal from office – in this instance 67. On Article One, 45 senators voted to convict while 55 voted for acquittal. On Article Two, 50 senators voted to convict while 50 voted for acquittal. Consequently, Clinton remained in office for the balance of his second term”.
So in Clinton’s case, October 8th until February 12. 4 Months total from start to finish.
Make of it what you will, but that means all this will probably be with us until April 2020.