Prof. ST Hsieh
Director, US-China Energy Industry Forum
626-376-7460
January 10, 2024
We sincerely hope that Mr. Michael Cembalest’s prediction comes true, the sooner the better for the US. Yes, for the 2024 general election: Democracy is on the ballot, freedom is on the ballot!” But it is not only because Trump would be on the ballot, but it is also because Biden is trying so hard to be on the ballot! Unfortunately, most of the public opinion polls show that Biden is behind Trump in a head-on match on November 5, 2024.
The public are very distressed by the prospect that voters will be forced to face a rematch of Biden vs Trump. If Biden does not drop out soon then he mostly likely will lose the election to Trump. Then Biden is the enabler of Trump II and share the same responsibility for degrading the US democracy and freedom!
A JPMorgan strategist predicts Joe Biden will drop out of the 2024 race
Kwan Wei Kevin Tan
Sun, January 7, 2024 at 9:07 PM PST·
- Joe Biden could pull out from this year’s presidential elections, says a JPMorgan strategist.
- Michael Cembalest said Biden’s withdrawal could happen “sometime between Super Tuesday and the November election.”
- Biden’s candidacy has been beset with concerns over his low approval ratings and advanced age.
President Joe Biden may not be on November’s ballot papers, says JPMorgan Asset Management strategist Michael Cembalest.
Cembalest predicted Biden would drop out from the race “sometime between Super Tuesday and the November election, citing health reasons.”
Super Tuesday is set for March 5, with 16 states and territories holding their primaries and caucuses on that day.
Biden, Cembalest wrote, would then be replaced by a “candidate named by the Democratic National Committee.”
Cembalest, chairman of market and investment strategy at JPMorgan, made the prediction in his list of “top ten possible surprises for 2024.” Cembalest’s list was published in JPMorgan Asset Management’s “Eye on the Market Outlook” on January 1.
“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.
In April, Biden announced his reelection bid, and urged voters to let him “finish the job.” The 81-year-old has framed himself as the best candidate to defeat former President Donald Trump, and safeguard American democracy.
“America, as we begin this election year, we must be clear.
However, concerns over Biden’s low approval ratings and advanced age have plagued his campaign. Recent polls suggest that 2024 will be a tight rematch between Biden and Trump.
Biden has brushed aside comments on his age, saying that it’s an asset for his candidacy.
“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 told MSNBC in May.
David Axelrod, who advised President Barack Obama on his presidential campaigns, raised questions about Biden’s candidacy in November.
“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?” Axelrod wrote on X.
Top Wall Street Analyst Predicts Joe Biden’s Future — And Yikes
Ron Dicker
Tue, January 9, 2024 at 1:37 PM PST
He’s a misfortune teller.
J.P. Morgan strategist Michael Cembalest predicted to investors that President Joe Biden will drop out of the 2024 race due to concerns over his well-being.
In an “Eye on the Market” newsletter for clients on Jan. 1, Cembalest ventured beyond finance in his “top 10 surprises” for 2024. He forecasted the incumbent’s retreat from the political scene in perhaps the very near future.
“President Biden withdraws sometime between Super Tuesday and the November election, citing health reasons,” Cembalest wrote. “Biden passes the torch to a replacement candidate named by the Democratic National Committee.”
The investing wonk cited Biden’s low approval rating despite an approximately 10% job creation bump during his administration. But Cembalest wrote off the increase as a byproduct of the vaccine rollout and “reopening” of the American economy.
Biden trails GOP front-runner Donald Trump in several polls as concerns about the incumbent’s age percolate and the former president continues to stoke loyalists’ resentment over his indictments and state efforts to delete him from ballots.