Voters Could Be Faced With a Rematch of Biden vs. Trump in the 2024 Presidential Election
As the 2024 presidential election draws near, voters could potentially see a rematch between Joe Biden and Donald Trump, the top two candidates from the 2020 election. Joe Biden emerged victorious in the 2020 election, becoming the 46th president of the United States, defeating Donald Trump.
Recent national polls of registered voters indicate a close race between Biden and Trump. While one candidate seemed to be gaining a growing lead in the past weeks, the race has now returned to near even. This suggests that the outcome of the 2024 election could be highly contested.
Both Biden and Trump have been front-runners for their respective parties in the race for the 2024 presidential election for many months. Trump has secured wins in early states such as Iowa, New Hampshire, and Nevada, positioning himself as the likely candidate to secure the GOP nomination. His only competition for the nomination is currently Nikki Haley, as Vivek Ramaswamy and Ron DeSantis have dropped out of the race.
The most recent Morning Consult poll of Republicans showed Trump with a significant lead over Haley, with 80% of support among Republican voters. Trump has consistently held a lead of 50 points or more over his Republican opposition, and this lead has remained steady even after Ramaswamy and DeSantis exited the race.
On the other hand, a potential matchup between Trump and Biden in the general election has been much closer. In hypothetical matchups between the two candidates, they have consistently remained neck and neck. The most recent poll asked registered voters to select their preferred candidate, with Trump receiving 43% of the vote and Biden receiving 42%. Independent voters, who could play a crucial role in deciding the election, showed a slight preference for Trump, with 38% selecting him compared to 32% for Biden.
Economic issues and immigration have emerged as significant concerns for voters in the 2024 election. A separate Morning Consult poll targeting swing state voters revealed that Trump is trusted more than Biden on these matters. Trump leads in all seven swing states surveyed, with a higher level of trust attributed to him for each issue in every state.
The performance of the economy and the influence of the stock market on the candidates are expected to be central themes in the upcoming election. During Trump’s presidency, the stock market experienced significant gains, with average annual returns of 14.5% and the S&P 500 ETF Trust (SPY) rising around 67%. Biden, on the other hand, has been highlighting the S&P 500 hitting all-time highs during his term.
As voters consider their choices in the 2024 election, the state of the economy and the stock market’s performance will likely play a crucial role. However, it remains to be seen whether past outcomes will definitively sway the balance toward Trump or Biden. The race between these two candidates is expected to be closely watched and highly contested, making the 2024 presidential election one to watch.
