Markets: Post Mar08 Primaries

by Nick V. Flor • March 9, 2016 • @ProfessorF

Huge shift in market preferences after the March 08 primaries, which were “won” by Donald Trump.  Before I get to the shift, let’s look at the results:

Second, the prediction market:

Note that Trump’s percentages have gone up 4pts since my last report. However, Cruz looks to have solidified his position as the #2 candidate and, more significantly, Kasich has surged 4 points ahead of Rubio to take the #3 spot.  Kasich has not won a single primary, so his surge past Rubio suggests that the market believes he is the new “Establishment” candidate.