Recent polling aggregates place Donald Trump’s job approval near 37–38 percent as of November 12, 2026, aligning with the market’s heavy weighting toward the 38.5–38.9 range. The November 3 midterms, in which Republicans suffered sizable losses in both chambers, reflected sustained voter dissatisfaction with economic conditions and cost-of-living pressures that have weighed on his ratings throughout the second term. Multiple surveys, including Reuters/Ipsos and Economist/YouGov, continue to show approval on the economy and inflation well below his overall rating, while immigration remains a relative strength. No major new policy announcements or events have shifted the picture in the immediate post-election window, leaving the distribution of recent results as the primary input for trader assessments of the November 13 reading.