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Free AccessDeSantis Continues To Trail Trump Ahead Of Presidential Bid
Multiple news outlets have reported that Florida Governor Ron DeSantis (R-FL) will officially announce his candidacy for President next week.
- Reuters: “DeSantis will likely file paperwork declaring his candidacy on May 25 to coincide with a donor meeting in Miami, with a more formal launch the week of May 29, according to a source.”
- DeSantis has been laying the groundwork for a presidential bid for a number of months but has seen his early momentum following the 2022 midterm elections wane in the face of a resurgent campaign from former President Donald Trump.
- WaPo: “DeSantis is also expected to hold an event launching his candidacy in Dunedin, Fla., his hometown... That event is expected to take place after Memorial Day...”
- Betting markets currently see DeSantis in a distant second place to Trump with an implied probability of 25% of winning the Republican primary compared to nearly 70% for Trump.
Figure 1: 2024 Republican Primary Winner
Source: Smarkets
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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.