"I don't particularly think that the impeachment hearings and proceedings are going to have a major impact on the market," Greg Zappin of Penn Mutual Asset Management told Markets Insider in an interview.
At the end of the day, the market is focused on earnings, earnings growth, recession fears, China trade issues, and the Federal Reserve, he said.
Going forward, he said that the election in 2020 will be a bigger market mover than the impeachment hearings.
"I think the focus on who the democratic nominee is and what the policy prescriptions are, are going to really move the market. I think that's still the big thing," he said. This is because the level of policy change that could be coming will depend on the Democratic nominee and the election in 2020.