Is Trump good for the stock market or are the stocks good for Trump?
A little over 17 months ago Bloomberg analyzed the correlation between the S&P 500 and President Trump’s approval rating. And the article’s key takeaway wasn’t exactly positive. From July 2018 to April 2018, there was a clear negative correlation between stocks and the daily running approval ratings from Rasmussen Reports. Bloomberg writer Brandon Kochkodin’s conclusion: “Trump’s rhetoric is riling up his base while also scaring the markets”. Dyntell’s data scientists were curious about how this trend has changed since, and we found something quite interesting starting early 2019 based on FiveThirtyEight statistics. We used TimeNet.cloud to find a correlation and the charts below show results from January 2019 to August 2019. Correlation between S&P 500 Index Price (USD) and approval rating of President Trump…