Despite his pension for gold, Trump’s economic Midas touch is vanishing faster than investor confidence during a flash crash. With major economic approval ratings showing two-term lows — Reuters/Ipsos (37%), CNBC (43%), and Pew (45%) — the administration’s subsequent policy reversals suggest a desperate bid to stabilize this freefall.

• After calling Fed Chair Powell a “major loser” whose “termination cannot come fast enough,” Trump proclaimed he had “no intention of firing him” — despite White House lawyers secretly exploring legal options for Powell’s removal just days earlier.
• With nearly 60% of Americans disapproving of his tariffs, even Trump’s billionaire supporter Ken Griffin warned of “eroding America’s brand” — as a capital outflow crisis upends the global order.

Reality check received: With the President rolling back his hardline China stance, the global market relief rally speaks volumes. The S&P 500 and Nasdaq have surged 4.98% and 3.4%, respectively, since Tuesday’s announcement — suggesting investors were desperate for policy stability. While the White House scrambles to recover Wall Street and voter confidence, we’re painfully learning that you can’t “Art of the Deal” a country out of a “once-in-a-lifetime collapse.”