We’ve all just lived through two years of investigations, accusations and speculation about possible “collusion” between the 2016 Trump campaign and Russian agents designed to interfere with the 2016 presidential election. There’s no doubt about Russian interference, but the subject of collusion by Trump was hotly contested.
Now that issue is settled. The Mueller report states conclusively that there was no collusion between Trump and Russia, and the U.S. attorney general has ruled that there was no obstruction of justice in the investigation. That should settle matters. But it looks like this fight is just getting started.
The anti-Trump forces are taking the fight to Congress and demanding more documentation and hearings on the subject. For its part, the Trump Department of Justice is planning investigations into how the collusion story got started and possible improprieties by former FBI officials, including former director James Comey, in terms of obtaining warrants and conducting spying on Trump campaign officials.
This article is an excellent summary of James Comey’s many ethical and legal violations and why Comey is in serious legal jeopardy. Attorney General Barr has testified he will take criminal referrals seriously and investigate these vigorously. At the same time, Democrats in Congress have vowed to pursue their investigatory hearings just as vigorously.
This bitter fight will continue right up until Election Day in 2020 and probably beyond. The best advice for investors is to avoid the hype and focus on actual legal wrongdoing that may lead to criminal charges, trials and jail time for former high government officials.
This article is a good road map as to how that may play out. The result will be more volatility and uncertainty for markets as they navigate the maze of charges and countercharges.
Institutional investors can schedule a proof of concept with the world’s first predictive data analytics firm combining human and artificial intelligence with complexity science. Check out Jim Rickard’s company at Meraglim Holdings to learn more.