Summary: For most of Donald Trump’s presidency, a buoyant stock market has helped inoculate Trump from scandal and controversy. That pattern is breaking down. After a month-long plunge from late February to late March, stocks have surged by 44%. Yet Trump is getting no credit and his own valuation is dropping. Trump’s approval rating has fallen four percentage points since late March, to barely 41%, according to the FiveThirtyEight composite of polls.
