• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle

JPMorgan Strategist Predicts Joe Biden Will Drop Out of 2024 Presidential Election

January 8, 2024
Thomas Massie Says He Will Force Vote On Releasing Epstein Files

Thomas Massie Says He Will Force Vote On Releasing Epstein Files

July 15, 2025
Trump Announces Massive Investments To Steer America Closer To Energy, Tech Dominance

Trump Announces Massive Investments To Steer America Closer To Energy, Tech Dominance

July 15, 2025
Microsoft’s Use Of China-Based Engineers Could Be Leaving Pentagon Tech Exposed To Hackers

Microsoft’s Use Of China-Based Engineers Could Be Leaving Pentagon Tech Exposed To Hackers

July 15, 2025
‘Soulless Ghoul’: Far-Left Editor Roasted For Going After JD Vance’s Kids On Libs’ Favorite Platform

‘Soulless Ghoul’: Far-Left Editor Roasted For Going After JD Vance’s Kids On Libs’ Favorite Platform

July 15, 2025
JOHN CZWARTACKI: Abandoning Open Banking Now Would Undermine The Genius Act’s Promise

JOHN CZWARTACKI: Abandoning Open Banking Now Would Undermine The Genius Act’s Promise

July 15, 2025
Senate GOP Close To Passing Slimmed-Down DOGE Cuts After Weakening Package

Senate GOP Close To Passing Slimmed-Down DOGE Cuts After Weakening Package

July 15, 2025
Trump Admin Demands University of Michigan Spill Beans On All Foreign Ties

Trump Admin Demands University of Michigan Spill Beans On All Foreign Ties

July 15, 2025
Jasmine Crockett Serves Up Head-Scratching Word Salad About ‘Sesame Street’ In Iraq

Jasmine Crockett Serves Up Head-Scratching Word Salad About ‘Sesame Street’ In Iraq

July 15, 2025
GOP Derails Second Democrat Effort To Unearth Epstein Files

GOP Derails Second Democrat Effort To Unearth Epstein Files

July 15, 2025
Texas AG Reveals Hundreds Of Ballots May Have Been Cast By Noncitizens In Past Elections

Texas AG Reveals Hundreds Of Ballots May Have Been Cast By Noncitizens In Past Elections

July 15, 2025
‘Scandal Of The Century’: Josh Hawley Demands Biden Staff Secretary Testify To Congress On Autopen

‘Scandal Of The Century’: Josh Hawley Demands Biden Staff Secretary Testify To Congress On Autopen

July 15, 2025
La Cooperación del Hijo de El Chapo con Estados Unidos Podría Transformar el Poder Político en México

La Cooperación del Hijo de El Chapo con Estados Unidos Podría Transformar el Poder Político en México

July 15, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Tuesday, July 15, 2025
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home News

JPMorgan Strategist Predicts Joe Biden Will Drop Out of 2024 Presidential Election

by Elizabeth Weibel
January 8, 2024 at 12:55 pm
in News
245 7
0
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

A top strategist with JPMorgan Chase predicted President Joe Biden will drop out of the upcoming 2024 presidential election.

Michael Cembalest, chairman of market and investment strategy with the bank, compiled a list of “Top ten surprises for 2024.” Other predictions consisted of the Ukraine-Russia war dragging on for another year, stocks doing well in 2024, major cities in the United States facing electric power outages or gas shortages due to an “underinvestment in pipelines, gas storage and winterization” and the “retirement of dispatchable power generation.”

In his prediction, Cembalest speculated Biden, 81, will drop out of the presidential election “sometime between Super Tuesday and the November election” for health-related reasons.

“Market Strategist Byron Wien passed away last year at the age of 90. For over 30 years whether at Morgan Stanley or Blackstone, Byron published a top ten list of surprises for the following year,” Cembalest wrote. “I never read any of the articles that kept score on how well Byron’s predictions did since that’s not the point. They were an exercise in thinking against the grain about what might happen in an industry dominated by consensus.”

Michael Cembalest at JP Morgan is predicting electricity outages and even natural gas outages for Major US Cities this year due to the restriction of nuclear, coal, gas and under-investment in pipelines.

Green communism and socialism is intended to reduce the standards of living… pic.twitter.com/nDt5xlzRZ6

— ThePlotSickens (@pl0t_sickens) January 8, 2024

Cembalest referenced Biden’s low approval rating, especially for a president who claims a “10% job creation since his inauguration.”

Biden’s overall approval rating currently sits at 38.8% to date with a disapproval rating of 56%, according to FiveThirtyEight. 

While Cembalest acknowledged Biden’s low approval rating, he says that “figure is the by-product of his inauguration coinciding with the rollout of COVID vaccines and a reopening US economy.”

Cembalest is not the first to predict that Biden may drop out. There has been speculation that Gov. Gavin Newsom (D-Calif.) or former First Lady Michelle Obama may take Biden’s place as the Democratic presidential nominee.

Currently, Rep. Dean Phillipps (D-Minn.) and author Marianne Williamson are running against Biden on the Democratic side with Robert F. Kennedy Jr. running as an Independent candidate.

On the Republican side, former President Donald Trump remains at the top of polls against other candidates — entrepreneur Vivek Ramaswamy, Gov. Ron DeSantis (R-Fla.), and former U.N. Ambassador Nikki Haley.

Tags: 2024 Presidential ElectionDonald TrumpJoe BidenJPMorganpolitics
Share196Tweet123
Elizabeth Weibel

Elizabeth Weibel

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th