. This comes after a major shakeup occurred in the 2024 presidential race, where President Biden announced he would exit and instead endorse Vice President Kamala Harris as the Democratic nominee. With rising uncertainty around the election, volatility has come into focus in the markets.So let's take a look at sort of the sector action and what we saw within the market today.Of course, last week.
So, really still, when we talk about earnings in the broad, the S and P is gonna grow earnings by 9% year over year. That's people positioning into that report, and then we'll sort of see what the reaction is coming out of it.And we have current President Biden announcing that he will not be running for the presidency over the weekend for the 2024 election.So what you're looking at here is blue is the odds that Trump is gonna win the presidency.Essentially, I think what was being priced in here is knowing who is gonna be in office.
And we were close to pricing in a 70% chance per certain betting markets that Trump was going to be in the White House. We got it up here and we're looking at a one year Josh so you can see we had this little pick up here.
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