The investigation into the Trump campaign’s collusion with Russia has taken a dramatic turn, and has rattled markets with it.
Yesterday saw the appointment of an independent special counsel, Robert Mueller, to oversee the investigation, following Trump’s firing of former investigator, FBI director James Comey. Trump continues to deny the collusion claims, likening them to a “witch hunt”.
The skittish stock and bond markets reacted, declining to an eight-month low, and experiencing the highest volatility since the Brexit vote. According to Bloomberg, this is because “investors began to question the Trump administration’s ability to focus on policy as it careens from one crisis to another.” So, shareholders should probably hold tight and brace for further rockiness ahead.