Trump’s job approval has continued its downward trajectory into late September 2026, with recent aggregates showing roughly 37% approval against 60% disapproval and net ratings near historic lows for the point in a term. Persistent public dissatisfaction with the economy, especially elevated gasoline prices tied to the ongoing Iran conflict that began earlier in the year, has eroded support even among Republicans. Multiple September polls, including those from Reuters/Ipsos, Emerson, and others released in the prior week, recorded fresh lows or minimal rebound, while voters rank cost-of-living pressures as the dominant midterm issue ahead of November. Traders appear to view these structural headwinds and the absence of offsetting positive developments as likely to produce further softening in weekly tracking or fresh survey releases.