Update: Citi’s Aerin Williams notes that The USD is higher on the Comey video below… DXY is rallying as traders pass around a CSPAN video of Comey testimony from May 3. This is not a new testimony. Under oath, he suggests that there have been no obstructions by saying that a President did not seem to be telling Comey to stop investigations for political reason. One could imagine that the deputy Attorney General saw this testimony before appointing a special prosecutor, but it adds to the puzzle investors are trying to put together.
Note – 10Y Yields are not moving on this.
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As we detailed earlier, next week’s James Comey hearing is certainly setting up as a ‘grab yr popcorn’ moment with Democrats lining up for their 5 minutes of fame to ask the question that ‘proves’ Trump deserves impeachment. However, it appears there is no need for the hearing as Mr. Comey already confirmed – under oath – that “he has not been pressured to close an investigation for political purposes.”
Testifying under oath in front of the Senate Judiciary Committee on May 3rd, Comey states that he has not been pressured to close an investigation for political purposes, “not in my experience.”
COMEY: Not in my experience. Because it would be a big deal to tell the FBI to stop doing something like that — without an appropriate purpose.
I mean where oftentimes they give us opinions that we don’t see a case there and so you ought to stop investing resources in it. But I’m talking about a situation where we were told to stop something for a political reason, that would be a very big deal.
It’s not happened in my experience.
Caught on tape?
Smoking gun? Comey confirmed on May 3rd – under oath – that “he has not been pressured to close an investigation for political purposes.” pic.twitter.com/wPrg2SxW9U
— Josh Caplan (@joshdcaplan) May 18, 2017