¡No muy bueno!

Trump’s approval rating refuses to rise any further and currently stands at 45.9% (according to Silver Bulletin). However, after a brief pause, US stocks are breaking out and it is possible that Trump’s approval rating will also continue to rise. See Figure 1.

US stocks have been doing quite well since “Liberation Day,” especially the Nasdaq 100, which is now over 10% above its Liberation Day level. See Figure 2.

Trump needs a much higher approval rating to be confident of winning the 2026 midterm elections! If the correlation with stocks continues to hold, this could also be good news for investors!