Watch TheStreet Video, How History Can Help Investors Understand Impeachment Impacts on the Market here.

According to Fritz Folts, chief investment strategist at 3EDGE, the two have quite a bit in common.

“It’s kind of eerie in some respects. So in 1998 you had a resilient economy, a very long economic expansion. You also had a stock market that was rising and what we had and obviously the impeachment was going on with Bill Clinton, but you also had three interest rate cuts by the Fed who are concerned primarily because of the emerging market currency crisis,” said Folts.

“They cut interest rates three times. Fast forward to 2019 we have a strong economy, we have a rising market. And, oh, by the way, we had three interest rate cuts by the Fed this year,” he continued. “And so the interesting thing is market historians point to 1998 to say, well, we don’t think those cuts were necessary. And they led to an inflation of an already rising equity market, which ended badly in the crash of the tech stock bubble. So is that what we might be in store for in the future? And only time will tell.”

Watch the full video  to see whether or not Folts thinks that investors should rip a page out of the history book to better understand the possible impact of impeachment proceedings on the market.

DISCLOSURES: The opinions expressed in this interview are those of Fritz Folts of 3EDGE Asset Management (“3EDGE”) and are subject to change without notice. Mr. Folts’ opinions are not intended to provide personal investment advice and do not take into account the unique investment objectives and financial situation of the viewer.  Investors should only seek investment advice from their individual financial adviser. Mr. Folts’ observations include information from sources 3EDGE believes to be reliable, but the accuracy of such information cannot be guaranteed. Investments including common stocks, fixed income, commodities and ETFs involve the risk of loss that investors should be prepared to bear.  Past performance may not be indicative of future results.