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Moment in history: Donald Trump is impeached for the second time

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Miguel A. Rodriguez
Miguel A. Rodriguez
21 January 2021
The House voted for Trump’s second impeachment

Historic day yesterday for the US, as the incumbent president Donald Trump was impeached for the second time in less than two years.

Trump became the first American president to be impeached twice, after the House of Representatives the charges of inciting to violence and insurrection amid last week’s invasion of the Capitol, arguing that he made “statements that, in context, encouraged — and foreseeably resulted in — lawless action at the Capitol.”

10 Republicans broke ranks to join all Democrats in voting to impeach Trump. The resolution was passed with 232 to 197.

Given that the Senate is currently in recess, a trial is out of the question until January 19. Following the law, the prosecution can’t conclude until Joe Biden’s official inauguration. Once started, it is unclear how much the impeachment trial will last, given that the previous trials of Andrew Johnson, Bill Clinton lasted between three weeks and almost three months.

Trump’s loss was the gain of the markets as they took advantage of the vote. USA500 added 0.2%, while Gold went up 0.7% trading at $1,857.35 per ounce.

Sources: marketwatch.com, ft.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.