In a recent forecast of potential surprises for the year 2024, JPMorgan strategist Michael Cembalest predicts that President Joe Biden will withdraw from the presidential race due to health issues. This prediction is part of JPMorgan's annual report, which lists ten significant surprises expected in the coming year.
According to Cembalest, President Biden's health could possibly sideline him, leading to his withdrawal from the contest before the November elections. This speculation adds to the ongoing political uncertainties surrounding the upcoming presidential race.
Cembalest's predictions also extend beyond the political sphere. He anticipates a backlash against autonomous vehicles and predicts that major US cities will face power outages due to electricity and natural gas shortages.
On a more optimistic note, Cembalest expects significant advancements in the fight against Covid-19. He predicts that researchers will finalize work on an inhaled Covid vaccine that could potentially reduce transmission dramatically.
While these predictions provide a glimpse into possible future trends, they are speculative in nature and should be considered as such. As the year unfolds, it will become clear how many of these predictions materialize and what their impact will be.