One of J.P. Morgan strategist Michael Cembalest’s predictions on his list of “Ten Surprises for 2024” is getting a lot of attention beyond just folks interested in the market and investing.
It’s because Cembalest’s third predicted “surprise” is that Joe Biden will pull out of the election between Super Tuesday and November, for health reasons.
— Dr. Nickarama (@nickaramaOG) January 7, 2024
Super Tuesday is the day that you have a lot of the states holding primaries and caucuses. This year, that’s March 5.
Cembalest says that after Biden steps down due to health, the Democratic National Committee will name a replacement to whom to pass the torch.
Biden has a low approval rating for a President with ~10% job creation since his inauguration, although that figure is the by-product of his inauguration coinciding with the rollout of COVID vaccines and a…
