Reuters

Wall Street Analysts Respond To Mueller's Grand Jury Subpoena

"From a Wall Street standpoint I can’t say over the long term that (a Trump impeachment) would be a bad result for stocks. The uncertainty of going through it all would be a negative, but I’m not sure the market would remain lower for long, assuming all else is equal."

Frontrunning: August 3

  • Bank of England, staying on hold, hints again at 2018 rise (Reuters)
  • Angry and inspired: Democrats train new wave of candidates (Reuters)
  • Is Gary Cohn a Good Pick to Head the Fed? (BBG)
  • Russia Warns of Worsening U.S. Ties, Criticizes Trump ‘Weakness’ (BBG)
  • Russians Portray Washington as Mired in Chaos (WSJ)

Tech Stumble Drags Global Markets Lower; All Eyes On The BOE

E-mini futures are fractionally lower this morning (0.08%) after Apple's surge helped the DJIA climb above 22,000 for the first time on Wednesday; Global shares declined for the first time in 4 days pressured by tech stocks: Asian shares fell, while Europe pared opening losses to trade unchanged.

Special Counsel Mueller Adds Another Obama Ally To His Team

With each passing day, it's looking increasingly like the only people qualified to serve on Special Counsel Mueller's investigative team are lawyers who have either directly worked for and/or contributed to the campaigns of Barack Obama and/or Hillary Clinton.