Impeachment Not An Issue For the Market - But This Is

One Option Trading Blog https://ift.tt/2lGA3KD Posted 9:30 AM ET - Yesterday the market dropped below a minor horizontal support level and it looks poised to fill the gap from two weeks ago. Many analysts claim the impeachment hearings sparked profit-taking, but I disagree. This is simply an effort by Democrats to tarnish Trump ahead of the 2020 elections and it won't go anywhere. The market is addicted to easy money and it will not get another "fix" this year. This decline is a delayed reaction to the FOMC statement last week. Most Fed officials don't believe that another rate cut will be needed this year and …