Market News and Commentary May 2

Trump Loses Another Lawyer — Ty Cobb Leaving, Reportedly Being Replaced By Clinton Impeachment Attorney Emmet Flood. Mueller raised possibility of presidential subpoena in meeting with Trump’s legal team. Mueller still mulling Trump campaign collusion with Russians. Trump ‘dictated that whole letter’ praising his health, says his ex-doctor. Rosenstein: ‘We strongly support appropriate Congressional oversight,’ but DOJ will not be ‘extorted.’ Market correction of 30-40% could be coming soon, investment guru Mark Mobius warns.

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