JPMorgan Strategist Predicts Joe Biden Will Drop Out of Presidential Race Between Super Tuesday and the November Election Due to Health Concerns
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In an unsurprising forecast from one of Wall Street’s leading financial institutions, a top strategist at JPMorgan has predicted that Joe Biden may withdraw from the upcoming presidential race, citing concerns over his health.
The strategist, Michael Cembalest, Chairman of Market and Investment Strategy for J.P. Morgan Asset Management, made the prediction in his annual outlook report, which covers a wide range of topics including the state of the US economy, market trends, and global risks.
Among the surprises, Cembalest predicts the following “top ten surprises for 2024:”
- The US dollar remains stable
- The DoJ/FTC win a big antitrust case.
- President Biden withdraws sometime between Super Tuesday and the November election,
