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How will impeachment hearing impact the market?

Video Credit: The Street - Duration: 01:34s - Published < > Embed
How will impeachment hearing impact the market?

How will impeachment hearing impact the market?

How much do impeachment headlines actually impact the markets?

Well, TheStreet's reporter Tony Owusu took us back to history.

"It depends on the macro environment, honestly," he said.

"And if you go back to 1973, you had a lot of things going on.

You have the OPEC oil embargo.

You had a recession in '73.

You also had a weak dollar during the Nixon impeachment proceedings.

That's impede dropped 14% in '73 and another 26% in '74." "However, during President Clinton's impeachment's hearings.

The S&P rose 20%, both years," he added.

On the other hand, Jeff Marks, Senior Portfolio Analysts with Action Alerts Plus, suggested to 'block out the noise from what's going on'.

"I am going to focus a lot [on] the macro," he said.

Want to know more, watch the video above.

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