Nick Colas: stocks would rally 3-5% if Trump resigned

What would U.S. stocks do if President Trump suddenly resigned? Based on recent price action, the answer is clear: Rally 3-5%, at least, over a day or two. U.S. equities see through the headlines (like the Comey firing) and essentially believe two things. First, corporate earnings are growing nicely. Second, the Republican-led Congress needs to pass tax reform by the 2018 midterm elections.

~ Nick Colas, chief market strategist, Convergex, May 12, 2017

(See "Here's why stocks could rally if Trump heads for the exit, MarketWatch.com, May 12, 2017.)

Jeremy Siegel: the Dow would rally 1,000 points if Trump resigned

If Donald Trump resigned tomorrow, I think the Dow would go up 1,000 points.

One has to remember that the rally since Trump’s election has been based not on Trump’s agenda [but] on the Republican agenda. I would say that 90% of the people, investors on Wall Street, and most of the CEOs, would prefer a President Michael Pence, rather than Donald Trump. So, in a way you know what kind a trouble he’d be, might he have to resign, might he be impeached... all that does not derail the Republican agenda, upon which this rally was based.

~ Jeremy Siegel, CNBC interview, May 17, 2017

(See "Man who called Dow 20,000 says stock market could see 1,000-point surge if Trump resigns," MarketWatch.com, May 18, 2017.)