|By Matein Khalid| The financial markets finally cottoned on the increasingly sordid political realities created by the Trump White House. Trump could well be impeached for obstruction of justice if he tried to pressure FBI Director James Comey to drop an investigation on disgraced General Michael Flynn’s contacts with Russian intelligence before the election. The appointment of a special prosecutor to investigate the scandal means Washington is now mired in a constitutional scandal that will make it impossible for the Trump administration to enact its tax reform/deregulation agenda. This was the reason the Dow Jones index plunged 372 points, the ten year US Treasury yield sank to 2.20%, the NASDAQ fell 158 points and safe havens like the Swiss franc, Japanese yen and gold surged against the US dollar on Wednesday. The political scandal in Brazil and the meltdown in the Bovespa and the real has only amplified the angst in risk assets. Is the Wall Street sell off just an ephemeral market or something more ominous, a trend change, requiem for the bull market?