(21 October 2019 ) DAILY MARKET BRIEF 2:Washington Weekly: China Investment Restrictions

The House held closed committee hearings featuring various administration witnesses this week and will hold more over the next few weeks. These hearings are designed to add muscle to the impeachment case that Democrats plan to finalize soon. Absent any major development, President Trump is on the verge of being impeached, probably sometime next month before Thanksgiving or in early December.

US-China Trade.

Last week, President Trump announced “phase one” of a trade deal with China with both US and Chinese trade negotiators participating in the announcement. This agreement is really an outline of a half-dozen or so issues on which the two sides generally have agreed.

Over the next month, the two sides will flesh out the details of these areas of agreement, a process that hopefully will result in a more official announcement by Chinese President Xi and President Trump when they both are in Chile for meetings on November 16-17.