Market Confirms ‘No Smoking Gun’ In Comey Testimony – Stocks Up, Gold Down

Market's take: stupid but not impeachable
— Ed Bradford (@Fullcarry) June 7, 2017

It would appear – despite the media bluster – that markets are quickly convinced that Comey’s prepared remarks have no “smoking gun” and nothing new to warrant concerns about President Trump’s presidency…
This is the statement that appears to have defused the concerns…
I immediately prepared an unclassified memo of the conversation about Flynn and discussed the matter with FBI senior leadership. I had understood the President to be requesting that we drop any investigation of Flynn in connection with false statements about his conversations with the Russian ambassador in December.

This post was published at Zero Hedge on Jun 7, 2017.