Republican Primary from 1/1/15 to 1/18/16

As we are just a few weeks away from the first votes of the 2016 campaign, here is a look back at the 2016 campaign in 2015! A few keys points:

1) Bush and Rubio basically traded off value as it the markets assumed that an establishment candidate would ultimately win.

2) Trump and Cruz are trading off value now, over the last few weeks as Trump pulls past Cruz for the non-establishment value.