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A Reuters/Ipsos poll shows:Trump approval rating falls 38% which is the lowest since returning to the White House26% of Americans approve of Trump’s handling of cost-of-living70% say that government is hiding Epstein client info.Pres. Trump is meeting with the Saudi Crown Prince and an ABC reporter first asked about the Trump families ties to Saudi Arabia, and then the Crown Prince’s involvement in the murder of the American journalist Jamal Khashoggi and followed that up with an Epstein file question. The exchange was not pretty. Meanwhile, the House overwhelmingly voted to release more Epstein investigation files, and send that bill to the Senate.
This article was written by Greg Michalowski at investinglive.com.
💡 DMK Insight
Trump’s approval rating has hit a new low at 38%, and this matters for traders because political instability can lead to market volatility. With 70% of Americans believing the government is withholding information, sentiment is shaky, which could influence consumer spending and economic forecasts. As Trump meets with the Saudi Crown Prince, any developments could impact oil prices and related markets, especially if discussions hint at changes in production or trade agreements. Traders should keep an eye on how these political dynamics play out, particularly in the energy sector. If oil prices react negatively to any perceived instability, it could create ripple effects across commodities and equities. Additionally, watch for any shifts in market sentiment as the election cycle heats up; political news often leads to knee-jerk reactions in the markets. A key level to monitor would be the S&P 500’s response to these developments, especially if it approaches significant support or resistance levels in the coming weeks.
📮 Takeaway
Watch for S&P 500 reactions as Trump’s approval rating drops; political instability could lead to increased market volatility, especially in energy sectors.
