JPMorgan 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.
"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.
