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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US
The approval rating of President Biden remains in the doldrums despite a significant improvement in the political environment for Democrats across a range of metrics.
- FiveThirtyEight founder Nate Silver published an article today highlighting the shift in the political environment. Silver: "Democrats are now essentially tied with Republicans in our generic ballot polling average, after having trailed by 2 to 3 percentage points over most of the late spring and early summer."
- Sliver: "Biden’s approval rating remains terrible to the point where even most Democrats say they want a different presidential nominee in 2024."
- According to the FiveThirtyEight election model, a Democrat Senate is the most probable outcome in November, although it hinges on several races which are too close to call.
- Silver believes that a productive month in Congress, the retreating threat of COVID, and the Supreme Court decision on abortion are three key contributors to the Democrat recovery.
- The economy remains the primary drag on the Democrats, but a recent bounce in the stock market and an apparent peaking of oil prices has been welcomed by voters.
Figure 1: President Biden Approval Rating (RealClearPolitics)
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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