President Biden will eventually decide to stand down and not seek re-election this year, a top JPMorgan Chase strategist predicted over the weekend. Michael Cembalest, who heads the market and investment strategy unit in the bank’s asset management division, believes that the 81-year-old Biden will drop out of the race “sometime between Super Tuesday and the November election, citing health concerns.” “Super Tuesday” refers to the March 5 presidential primaries and caucuses that will be held in more than a dozen states, including California, Texas, Massachusetts, Vermont and North Carolina. The winner of the “Super Tuesday”…
