Svmuu According to the latest poll from NBC, Trump's approval rating among registered voters has dropped 3 percentage points from 47% in March 2025 to 44%, with his disapproval rate climbing to 54%. The Decision Desk HQ polling average shows a similar result: 43.1% approval, 54.4% disapproval. Investinglive analyst Adam Button stated that for the markets, the key lies in the dynamics of the midterm elections. Trump himself has also pointed out this risk, noting the historical pattern that the party controlling the White House typically suffers setbacks in midterm elections. If Republicans lose seats in Congress, it would reshape the legislative landscape regarding tax policy, tariffs, deregulation, and other areas, and current stock valuations have to some extent already priced in expectations for these policies. The next big question is whether Trump will begin to face internal pressure to end the war quickly. Republicans have certainly acknowledged they are likely to lose the House, and with the Middle East war disillusioning part of their base, control of the Senate is also becoming increasingly uncertain.