Investors may not need to brace for a huge market move on former FBI Director James Comey’s testimony before a Senate judiciary hearing on Thursday, according to Senior portfolio manager at Sprott Asset Management Dennis Mitchell.

Using Morningstar’s Andex Chart — a chart that correlates global events and market performance — as a point of reference, Mitchell said Comey’s testimony Thursday won’t move the needle in terms of historic significance and that Donald Trump is not ‘inherently evil’, but rather just “unqualified.”

“While all this is really interesting and salacious right now, I think five years from now or 10 years from now you’ll have a hard time pinpointing this day or this time period on an Andex chart and its impact on markets, specifically Comey and this investigation into Trump,” Mitchell told BNN in an interview on Wednesday.

“While I’m not a fan of Donald Trump, I think he’s the equivalent of electing Homer Simpson as President of the United States. He’s not an inherently evil person per se, but just somebody who’s wholly unqualified for the job and has no clue how to actually operate within it.”

U.S. stock markets moved slightly higher as the prepared remarks Comey will deliver on Thursday were released to the public. Some investors may have breathed a sigh of relief that the exchanges between the former FBI Director and the U.S. President are devoid of a smoking gun, according to Mitchell.

“There was never a drop-the-investigation-or-you’re-fired type of exchange, so I think the markets are relieved that Trump’s incompetence doesn’t extend that far.”

Mitchell also stated that the ongoing Trump drama is unlikely to affect how North Americans conduct their business in the long-term.

“It seems acute right now and impactful right now, but when you stretch it out over a time series it’s not really going to impact whether somebody drinks Coke or Pepsi, whether they pull out a Visa or a Mastercard or whether they search for something in Google or Bing.”