The Trump train -- and its conductor -- are losing steam

[Ol Janx Spirit]

4. Stocks. That 24% of independents represents probably about 18 million people, or roughly 5% of the total...

...population.* They could be more heavily invested in the stock market than most.

Despite the rollercoaster of the last month, the S&P 500 is still up around 16% this year. Nvidia alone is up over 43% this year--one of the big drivers of the stock market this year since many other sectors are basically flat.

So if you own stock and investment funds you probably feel a lot more positive about the Administration's handling of the economy than if you are working for what you have and struggling to make ends meet.

And the stock market is a funny thing: it doesn't actually exhibit what would appear to be logical behavior. It often sees opportunity in your pain and celebrates the things ordinary workers decry. Until something comes along to truly disrupt things those same people will probably continue to feel positive about the economy.

* This is just a quick estimate based on:
Registered voters in 2024: 174 million
People that identify as independent voters: 43-44%
Rough number of independents: 76,560,000
24% of the rough number of independents: 18,374,400
18,374,400 represents approximately 5.3% of the current United States population of 348 million.