Trump Russian Senate Hearings Next Week: Bullish From One Quote

Trump Jr. Manafort, Kushner hearings.
We're pretty happy today because we
get to put another picture up of the President.
Let's review why the Trump-Russian Senate hearings next week will be good for the stock market (NYSEARCA:SPY). Scheduled to appear before Senate committees are presidential advisor Jared Kushner on Monday along with Donald Trump Jr. and Paul Manafort on Wednesday.  The President has been Teflon through all the media attacks. Non-negative news should again be bullish for the stock market.

Political Risk Off The Charts. 
Unwinding That Risk Can LAUNCH Stock Market

Political risks are off the charts according to GeoQuant, a specialist in analyzing political risk for investors.  Any unwinding of perceived political risk can constantly help the stock market move higher since such risk is currently keeping investors sidelined.

Analyst Hat On: Here's The One Quote That Makes Us Bullish For Next Week

In former FBI Director James Comey's testimony June 8th he was asked by Senator Mark Rubio the following,

"He [President Trump] agreed it'd be great to have an investigation, all the facts came out and we found nothing. He agreed that would be ideal, but this cloud is still messing up my ability to do the rest of my agenda. Is that an accurate assessment?"

Now before you hear Comey's answer think for a second:

Does James Comey love President Trump? Not really.

Is James Comey trying to incriminate President Trump? Pretty much.

With that as a backdrop let's listen to his answer.

Remember, analyst hat on:

Comey answered,

"He went farther than that. He said, and if some of my satellites did something wrong, it'd be good to find that out."

Wait a minute. You just heard that, right?

Comey-Trump behind closed doors. Comey's trying to trip Trump up in sworn testimony. What does he tell everybody?  Trump wanted to get to the bottom of it. If anybody in his inner-circle is guilty he wants to know and would approve an investigation.

The guy that's trying to trip Trump up gave a glowing endorsement that the President is probably innocent and doesn't know of any illegal dealings.  Otherwise the President wouldn't want to "find that out."

Let's get personal:

If you were guilty would you push Comey to find out everything unprompted? Comey said Trump "went further than that" meaning he really wants to know.

Trump's not guilty. He doesn't really know if any of his inner-circle is guilty either.

Even if something turns up next week, it probably doesn't stick to President Trump.

Elazar Wrap It Up, All These People I Don't Really Know On Facebook Are Pinging Me

Somebody may be guilty somewhere but Teflon Don is probably not. That's bullish for markets. We've been saying that it won't be easy to stay long but it will be worth it.

By: Chaim Siegel, Elazar Advisors, LLC, Happy and profitable trading!

Reading Comprehension Time
James Comey is:
A) life-long pals with President Donald Trump after going to sleep-away camp together.
B) Is President Donald Trump's lawyer.
C) Is the famous news reporter that broke the story about all the illegal leaks.
D) Was the guy that was trying to bust Trump but so far came up empty.

Please answer A, B, C, or D in comments.  Good luck.

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Disclaimer: Stocks reported by Elazar Advisors, LLC are guided by our daily, weekly and monthly methodologies. We have a daily overlay which changes more frequently which is reported to our premium members and could differ from the above report. Portions of this report may have been issued in advance to subscribers or clients. All investments have many risks and can lose principal in the short and long term. This article is for information purposes only. Ratings are based on hypothetical trade directions. By reading this you agree, understand and accept that you take upon yourself all responsibility for all of your investment decisions and to do your own work and hold Elazar Advisors, LLC and their related parties harmless. Any trading strategy can lose money and any investor should understand the risks.

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