Guess what? The stock market (S&P 500 index) gained back every point lost in the month of April and was above its level of March 31 today. As ZeroHedge noted this morning, “And just like that, April never happened.”
The index closed higher for the eighth (8th) day in a row.
I had mentioned earlier (April 25) about the existence of an official Wikipedia page for the “2025 stock market crash.” Last week, Wikipedia was indicating that the crash was ongoing. Now they have edited the page to give a retroactive April 10, 2025, end date for the crisis.
So, the crisis lasted all of eight days. How did any of us survive?
As it stands, the S&P 500 index is now above the level it closed on Friday, March 28 and is up nearly 12 percent for the past 12 months.
But here’s a fearless prediction guaranteed to come true. In the future, the market will have up days and down days. There will be more record highs and more crashes. It’s the cycle of life. As I remind, “It’s just money, it’s made up.”
Pres. Trump’s approval rating is also back above water, at least according to Rasmussen. They note this morning,
The Rasmussen Reports daily Presidential Tracking Poll for Thursday shows that 50% of Likely U.S. Voters approve of President Trump’s job performance. forty-nine percent (49%) disapprove.
In the first 101 days of Trump’s second term as President, his approval rating has been positive on all but 18 days.
Daily, we are told that support for Trump is collapsing. Yet, daily, his support fails to collapse. From The Hill newspaper today,
The Memo: Trump Cabinet, facing sinking polls, lashes out at media
The Hill writes,
A plethora of polls have been released to coincide with Trump hitting the 100-day mark in his second term — and they overwhelmingly show the president losing altitude.
Except that they don’t. Yes, a lot of polls have been released recently, but RealClearPolitics’ polling average shows Trump’s popularity treading towards the positive since last week.
But the narrative has already been determined, independent of any facts.
