Summary
Phil extends the “charts predict elections” theme to the US 2020 Democratic primary. While headlines had Bernie Sanders as front-runner after Nevada, UnitedHealth Group (NYSE:UNH) was trading at/near all-time highs — implying markets expected Biden (who opposed Medicare-for-All) to win the nomination. Charts correctly predicted the outcome opposite to the polls.
Key Claims
- UnitedHealth Group was making all-time highs while polls showed Sanders leading — charts predicted Biden nomination. — confidence: high
- UNH’s post-COVID recovery to highs suggests both Biden and Trump have private health industry’s support. — confidence: medium
- Charts consistently predict election outcomes before polls reflect them. — confidence: high