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Biden's Exit Delivers Fresh Shock to Twitchy Markets
Analysis July 21, 2024 at 08:28 PM
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What You Need To Know
- It injects a wild card into the presidential campaign that will likely translate into volatility.
- The Trump trade — favoring sectors and strategies seen as benefiting from his push for looser fiscal policy, higher trade tariffs and weaker regulations — is likely to face headwinds.
- The most recent example of a sitting president not seeking a second term was Lyndon Johnson in 1968.
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