There is a Trump rally after this rough week — a rise in his chances of staying in office


President Donald Trump now has a 60% chance of still having his current job at the end of 2018, according to PredictIt.

Call it a Trump rally?

Earlier this week, it was “almost 50-50 that he won’t be in office by the end of 2018,” PredictIt’s co-founder, John Aristotle Phillips, pointed out to CNBC. (His company bills itself as a “real-money binary-options prediction market that tests your knowledge of political events.”)

Trump’s chances of staying throughout next year had dropped as low as 53% on Wednesday, as shown by the PredictIt graphic below, which serves as our Need to Know column’s chart of the day.

During the past week, British bookies said they have received a stream of bets that Trump will depart early. Those wagers came after a report said the president asked since-fired FBI director James Comey to shut down a probe into links between Trump’s inner circle and Russian officials.

See: Trump says this is the ‘single greatest witch hunt’ of a politician in U.S. history

And read: Here’s how impeachment works — and why Trump is safe for now

Gamblers are also betting on why Trump might end up leaving the White House, with treason the favorite:

The main U.S. stock benchmarks

SPX, +0.81%

DJIA, +0.69%

 suffered their biggest drops since September on Wednesday, with many analysts blaming the turmoil in Washington for the selloff, but the market rallied Thursday and was advancing again on Friday.

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