Latest polls show Trump's approval ratings are declining.

CoinFeed reported on March 14th that, according to Jinshi, a recent NBC News poll shows Trump's approval rating among registered voters has dropped 3 percentage points to 44% from 47% in March 2025, while his disapproval rating has climbed to 54%. The Decision Desk HQ poll average shows similar results: 43.1% in favor and 54.4% against. Investinglive analyst Adam Button stated that the key for the market lies in the midterm elections. Trump himself has also pointed out this risk, noting historical patterns showing that the White House's party typically suffers setbacks in midterm elections. If the Republicans lose seats in Congress, it will reshape the legislative landscape regarding tax policy, tariffs, and deregulation, and current stock valuations have already priced in these policy expectations to some extent.