07.08.2020 - 08:50 [ Bloomberg ]

Biden Looks Vulnerable. The Market, Not So Much

There have been two big rallies in Democratic chances so far this year — the first in late February and early March as it became clear that the coronavirus was a serious problem, while the Democrats opted for Biden rather than one of the more progressive candidates, and the second in June as the protests over the killing of George Floyd rocked the nation, and the pandemic worsened once more.

Biden’s margin is no better than it was five weeks ago. Meanwhile, new cases are at last beginning to trend downward. This suggests the momentum is changing in the president’s favor: