New York (CNN Business) The stock market doesn't care about Michael Cohen's testimony. But it does care about whatever is happening with President Donald Trump's trade deal with China. Valliere said he is concerned because the threat of additional tariffs still looms and the US House of Representatives could block Trump's new NAFTA deal. Meanwhile, testimony from Cohen, Trump's former lawyer, will hardly register on Wall Street. Cohen may have some "titillating" things to say on Capitol Hill on Wednesday, but "I don't think he's really significantly increased the chances of impeachment or conviction," Valliere said.

Source: CNN February 27, 2019 20:15 UTC