Wyn Thomas - Axys Investment Management

Weekly Market Update 24th August 2018

TIME TO WORRY, MR PRESIDENT?

Robert Mueller, the man responsible for investigating Russian collusion with the Trump presidential campaign, will be going into the weekend feeling
particularly smug on the news that two of the President’s former associates may be facing jail time. Former lawyer and ‘fixer’ Michael Cohen pleaded
guilty to paying off two women on behalf of Trump using campaign expenses, while former campaign chairman Paul Manafort faces fraud charges.
However, the President should not be too concerned yet, as there is little risk of his own party impeaching him. With midterms approaching, the prospect
of the Democrats retaking the House of Representatives and the Senate may change all that. Trump’s presidency is now entering dangerous waters. Read more…