SPDR S&P 500 ETF Trust Gains 17.3% Annual After Record Disapproval Rating
Presidential disapproval reached a second-term high of 55%, driven by 58% Hispanic disapproval after Venezuela military action. Despite political headwinds, the SPDR S&P 500 ETF Trust has gained 0.4% year-to-date and 17.3% over the past year.
1. Record Disapproval Rating
Trump's disapproval rating rose to a second-term high of 55%, up four points from January's 51%, while approval remained at 43% for February. Hispanic disapproval surged to 58% following the administration's military action in Venezuela.
2. Voter Issue Priorities
Voters ranked cost of living as the top issue with a mean rating of 8.2 out of 10, followed by health care costs at 7.8 and inflation at 7.6. Independent voters prioritized cost of living most, while Republicans emphasized border security (8.3) and deportation policy (8.2).
3. Market and ETF Performance
Despite political uncertainty, major indexes reached record highs, with the Dow hitting 50,000. The SPDR S&P 500 ETF Trust gained 0.4% year-to-date and 17.3% over the past 12 months, reflecting broad market gains.