Earlier, President Biden held a press conference where he has mistakenly referred to Zelenskiy as Putin and Kamala Harris has Trump, the odds market around his Presidential candidacy were volatile throughout the speech.

• Many reporters were questioning whether Biden was the right candidate going forward, however President Biden said he is determined to continue his reelection campaign. This comes despite further calls from the Democrats side to end his campaign. This included House Democrats making such calls after the speech.
• Outside of the gaffes outlined above, Biden spoke for just under an hour. He discussed a wide variety of geopolitical issues, from NATO/Ukraine to Israel/Hamas.
• Still, speculation around his candidacy is unlikely to diminish. The NYT reports that Biden's advisors are weighing how to convince the President not to run (see this link).
• The latest PredictIt odds have Trump as the favourite to win on 60% up 2pp this month compared with Biden on 19% down 13pp, just off earlier lows of 18%. Harris continues to swing back and fourth as the more likely candidate to lead the Democratic party, she hit a high of 55% earlier but now sits back at a 44% chance, with Biden at a 40% chance.

Source: MNI - Market News/PredictIt