QQQ
SPY
Two things can be true
Wall Street is partying like it found the last slice of pizza, and voters are still grumbling about the price of basically everything. A new Morning Consult poll puts President Trump at 44% approval and 53% disapproval, which is not exactly the kind of number you’d put on a campaign poster.
The wallet still runs the conversation
The poll says the biggest concerns are the usual dinner-table villains: lower costs, health care affordability, and energy prices. Those are all issues voters say Trump should be focused on, but plenty of respondents also don’t think he’s actually locked in on them. Oof.
- 72% say lowering costs should be a top priority
- 72% say health care affordability should be, too
- 63% say reducing energy prices belongs near the top of the list
That’s the political version of a restaurant getting 5-star reviews for the ambiance while customers complain the entrée is still $38.
Meanwhile, stocks are doing cartwheels
On the market side, the vibe is very different. The S&P 500 and Nasdaq 100 have both been printing fresh highs, with SPY hovering near records and QQQ riding a monster streak. So if you’re wondering why the market can look euphoric while voters sound grumpy, the answer is simple: your portfolio and your grocery bill do not live in the same universe.
Trump’s CNBC victory lap on the market strength underscores that split. The headline for investors is that market enthusiasm can coexist with public frustration — and that gap matters if affordability stays the political and consumer mood music.
Big picture: record highs are great for anyone with exposure to the market, but they don’t magically fix rent, gas, or medical bills. And that’s the part voters keep remembering.