Trump's Approval Rating Is Rising, and That's Bad for Stocks
Photographer: Eric Thayer/Bloomberg
This article is for subscribers only.
Donald Trump has been taking to Twitter to tout his delight over the latest approval ratings. He might want to rethink that relationship.
A daily poll from Rasmussen Reports shows Trump’s rating at 49 percent today, which is up from 42 percent on Jan. 22; in that time span, the S&P 500 has fallen about 8 percent. In fact, the rolling 120 day correlation between Rasmussen’s measurement of the president’s job performance and the price of the S&P 500 Index has been negative during all periods.