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After positive results for Joe Biden in the Super Tuesday Democratic primaries, the former VP has established himself as the current front-runner to challenge President Trump in November. Over at electionodds.com, Biden now has a 75.5% chance of winning the nomination, which is almost a full 60 percentage points ahead of Bernie Sanders. Those numbers are certainly comforting for Biden, but we would remind people that as recently as 2/24, the roles were completely reversed with Biden at 5.5% and Sanders over 50%!
The biggest story of the night, though, was that the Democratic primaries have become a two-person race. With poor showings from both Bloomberg and Warren, they are out of the running now as even Hillary Clinton is ahead of them in the betting markets.
Read today’s Bespoke Morning Lineup for a discussion of Biden’s impressive performance in Super Tuesday voting, news on coronavirus, global PMI data from the Services sector, and the latest stock-specific news of note.