Trump’s approval rating has remained in the mid-to-high 30s throughout much of 2026 after beginning his second term near 47-50 percent, with recent aggregates from sources such as Silver Bulletin, RealClearPolitics, and FiveThirtyEight equivalents showing roughly 38 percent approve and 58-60 percent disapprove. The primary drags include sustained public dissatisfaction with inflation, cost-of-living pressures, and gasoline prices linked to the U.S.-Iran conflict that began in early 2026, alongside earlier effects from tariff policies. Temporary upticks have followed diplomatic pauses or ceasefires, but ratings have quickly reverted amid renewed tensions and economic data. With the November 2026 midterms approaching, traders are monitoring any shifts in economic indicators or foreign-policy developments that could produce a seasonal or event-driven rebound before year-end.