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JPMorgan Strategist Who Predicted Biden Withdrawal Has Gloomy Outlook For EV Sector, Ukraine War 6park.comJPMorgan Asset Management strategist Michael Cembalest had previously predicted that President Joe Biden would drop out from this year's presidential race in his list of "top 10 possible surprises for 2024" published in the company's Jan. 1 "Eye on the Market Outlook" report. 6park.com"President Biden withdraws sometime between Super Tuesday and the November election, citing health reasons. Biden passes the torch to a replacement candidate named by the Democratic National Committee," the JPMorgan Market and Investment Strategy chairman wrote. 6park.comWhile he didn't mention the possible reasons for Biden's withdrawal, Cembalest had highlighted the president "has a low approval rating for a President with ~10% job creation since his inauguration." Biden recently announced he is dropping out of the race and endorsed Vice President Kamala Harris as his successor. Before that, he also made headlines after testing postive for Covid. 6park.comhttps://www.ibtimes.co.uk/jpmorgan-strategist-who-predicted-biden-withdrawal-has-gloomy-outlook-ev-sector-ukraine-war-1725693 | |||
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