Stunning moves in the prediction market on who will be at the top of the Ticket in November. Joe Biden, who was running behind Bernie at the time of our post last night has rocketed ahead to a 70 percent probability. Amazing.
Politics, like the current markets, is all about momentum. The S&P futures are showing some pep after opening down almost 1 percent in overnight trading. It may be the result of the political polls and it may not.
Still, no move in President Trump’s probability of being reelected, however, which remains slightly above 50 percent