Trump's approval rating is close to historic lows on the eve of the legislative election
Reuters/Ipsos poll indicates that the dispute between Democrats and Republicans could get tighter closer to Tuesday's vote
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM INFOMONEY · 2 MIN
President Donald Trump's approval rating is near an all-time low, according to a Reuters/Ipsos poll reported by InfoMoney and Money Times. The survey was completed on a Monday, the day before the mid-term legislative elections in the United States, scheduled for Tuesday.
This is a five-day national survey, carried out on the cusp of a vote that tends to be read as a thermometer of the government in office. The most sensitive data for the White Palace is not just the level of approval, but the message that the electorate seems to want to send at the polls.
According to reports, a large portion of the American electorate intends to vote on Tuesday as a way of opposing Trump. In other words, part of the mobilization is not in favor of a candidate, but against the president, which usually weighs heavily in mid-term elections.
The same survey indicates that the dispute between Democrats and Republicans could become more intense closer to Election Day. When the advantage narrows in the last few days, reading the results depends less on projections and more on the actual participation of each side.
The stakes go beyond Washington. A result that changes the balance of forces in the Legislature can change the pace of economic agendas, and this is of direct interest to those who follow fiscal policy and business rules.
What changes for the investor
For those who operate the stock market, Nasdaq, interest rates and the dollar, the central point is the uncertainty surrounding the calculation. Changes in the composition of Congress alter the ability to approve or block agendas, and a tight result could increase volatility in the days surrounding the vote, as the market tries to price the new scenario. Those who advocate fiscal responsibility and lower taxes tend to pay close attention to which groups gain space in defining the budget. This analysis does not indicate direction for prices and is not a recommendation to buy or sell: the most prudent path is to monitor the calculation and reactions of interest and exchange rates before making any decision.
Automatically translated from Portuguese.
