Thursday, March 2, 2017

Support From Trump Coming From Independents

News
Mr. Trump’s approval rating may have been worse were it not for support from a surprising corner of the electorate. His job performance won positive reviews from 55% of respondents who had voted for a third-party candidate in November, who didn’t vote at all or said they supported Mr. Trump mostly to oppose Democratic nominee Hillary Clinton. The Journal/NBC News pollsters called this group “the critical middle” in the nation’s partisan warfare and said it accounted for just over one-third of all respondents.

Trump's support base comes from independents that incorrectly believe central planning (policies of the Fed or President) influences the economy more than the invisible hand.  An economic uptick that coincided with Trump's unexpected win November makes it an easy mistake to make.  If the Economic Activity Composite (EAC) continues to weakening, Trump's support base with either shift or disappear unexpectedly.  The EAC's ITCO, a trend slowly marching towards zero since January, is a high priority watch for subscribers (see The Matrix).
Headline: Many Americans Disapprove of Trump but Are Open to His Agenda, Poll Finds

President Donald Trump remains a historically divisive figure after one month on the job, despite growing optimism about the economy and support from a cross-section of Americans who either opposed his candidacy or backed it reluctantly, according to a new Wall Street Journal/NBC News poll.

The poll found that 44% of Americans approve of Mr. Trump’s job performance, while 48% disapprove, making him the first president of the post-World War II era with a net negative approval rating in his first gauge of public opinion.


more

----------------------------------

Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.