Trump’s Approval Rating vs Stock Market

As expected, Trump finally helped the stock market enter a correction... however Nasdaq100 is still 6.8% above its level on April 2nd (Liberation Day), and was even 9.5% above that level a few days ago. The S&P500 is also above its level on April 2nd (+2.3%), which is higher than other major stock indices - see Figure 1.

Along with the strong rebound in stock markets, Trump’s approval rating also rebounded in May - see Figure 2.

Stock market performance seems to be correlated with Trump’s popularity - which is even more visible in Figure 3. So will Trump “care” about the stock market in the future? Probably yes, but still in his own style..

Trump’s average rating as provided by Silver Bulletin web page. Trump’s average rating is made up of the 10 most popular polls in the US.