JP Morgan Strategist Predicts When Biden Will Drop Out of Presidential Race

J.P. Morgan strategist Michael Cembalest assembled a list of “Ten Surprises for 2024”. And it’s the third entry on the list that is raising eyebrows among the uninitiated. Cembalist’s third entry predicts that Joe Biden will exit the presidential race between Super Tuesday and November. Super Tuesday is on March 5, so we should see lots of signs of Biden’s impending doom by then. But as I have cautioned, those signs have already come.First, Vegas agrees with Cembalest. I wrote:The chart below is revealing for many reasons. First, Trump is the clear victor for Republicans and that’s not likely to change. And while Biden leads in his primary race, watch what happens to these two numbers over the next 2-3 months.As for winning the presidency, Trump again is the clear leader. To avoid tedious detail, I will say that none of the trend lines are good for Democrats. And because Vegas takes the emotion out of the selections, you get a real idea of what Americans think.Americans like Trump, despite the narrative otherwise. Further, they like Republicans more than they like Democrats,...