Let's be absolutely clear here: US President Joe Biden has already decided that he will not be dropping out of the US Presidential race. Period. End of the story. 💪
If Biden Drops out of the Race, This Is What Will Matter to the Stock Market
The S&P 500 and Trump's victory odds are increasingly correlated as investors seek 'certainty': LPL's Turnquist. With President Joe Biden's re-election campaign appearing to hang by a thread after last week's television debate debacle, investors understandably may wonder whether a change at the top of the Democratic ticket would move the stock market.A good place to start is to look at how the market has reacted so far to swings in the race between Biden and his Republican challenger, former President Donald Trump."The market has been consistently trending in the same direction as President Trump's odds" of victory in November, said Adam Turnquist, chief technical strategist at LPL Financial, in a phone interview. Turnquist first flagged a change in the relationship in March, when the market and Trump's prospects began to move in step with each other."I don't think you can make the case that the market is moving higher because Trump's odds are moving higher," Turnquist said. "But we kn
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