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JPMorgan Asset Management Strategist: Biden Won’t Last Until November

via CNBC
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JPMorgan Asset Management strategist Michael Cembalest predicted that President Joe Biden may drop out of the 2024 race due to health reasons sometime between Super Tuesday and the November election.

Cembalest suggested that Biden would be replaced by a candidate named by the Democratic National Committee, citing concerns over Biden’s low approval ratings and advanced age.

Cembalest wrote that Biden will likely drop out “sometime between Super Tuesday and the November election, citing health reasons.” (Trending: Joe Biden Sets New Presidential Record)

A “candidate named by the Democratic National Committee” would take his place, Cembalest added.

“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 reopening US economy,” Cembalest wrote.

“America, as we begin this election year, we must be clear. Democracy is on the ballot. Your freedom is on the ballot,” Biden said.

“I have acquired a hell of a lot of wisdom and know more than the vast majority of people. And I’m more experienced than anybody that’s ever run for the office,” Biden said later.

“If he continues to run, he will be the nominee of the Democratic Party. What he needs to decide is whether that is wise; whether it’s in HIS best interest or the country’s?” David Axelrod posted on X.

“He’s the only one to make the decision. And if his decision is ‘no, I’m the best person to take this on,’ then he will,” Axelrod said.

However, it remains uncertain who would take over if Biden were to drop out, and prominent Democratic figures like Vice President Kamala Harris and Gov. Gavin Newsom have rejected speculation about their potential candidacy.

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