US President Donald Trump’s net approval is near a record low after a further dip, despite a surging US stock market. In Australia, there are federal Essential and Morgan polls and a Queensland Resolve poll.

In analyst Nate Silver’s aggregate of US national polls, Trump’s net approval has dropped 1.3 points since my April 9 article to -18.2, with 57.5% disapproving and 39.2% approving.

Trump’s net approval only slightly above his -18.8 net approval on April 22. It’s below what any past president since Harry Truman had at this point in their term, with Trump during his first term the closest at -12.1.

On four issues tracked by Silver, Trump’s net approval is -9.2 on immigration, -26.3 on the economy, -19.7 on trade and -41.5 on inflation. Since mid-March, Trump’s net approval on the economy and inflation have both slumped, while his ratings on trade and immigration have been relatively stable.

Despite the continued closure of the Strait of Hormuz, the benchmark US S&P 500 stock market index has surged 12.5% in the past month, hitting a new record high in Monday’s session, 3.3% above the level it was at in the week before the Iran war began.

While consumers have been hurt by high fuel prices, the stockmarket has surged owing to the AI boom.

Silver also has an aggregate of US support for the Iran war. Net support has dropped 0.8 points since April 9 to -15.9, with 54.8% opposed to the Iran war while 39.0% support it.

At November midterm elections, all of the House of Representatives and one-third of the Senate will be up for election. In Silver’s aggregate of the generic ballot polls, Democrats........

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