We spoke to 5 money managers about how Trump impeachment proceedings could impact the stock market. Here's what they said.

On Tuesday, House Speaker Nancy Pelosi announced that the House of Representatives will open a formal impeachment inquiry against President Donald Trump.

The proceedings came after a whistleblower complaint revealed that the President asked Ukrainian President Volodymyr Zelensky to investigate former Vice President Joe Biden and his son, Hunter, over corruption allegations at least eight times during a July phone call.

Stocks tumbled following the announcement, then gained Wednesday when President Trump signaled that a deal between the US and China could be coming soon. By Thursday, geopolitical fears had taken over investor sentiment again and stocks traded mostly lower.

The impeachment process is happening against a backdrop of mounting geopolitical uncertainty that's already roiled markets over the summer. US economic data that shows that the trade war is starting to impact US consumers, businesses, and could even drag down the US economy. And outside the US, other large economies are either in recession, like Germany, or precariously on the brink, like Italy.