CNBC's survey (conducted March 17-20) reports the following...
From my perspective, I'd say that President Trump, along with his Republican party, will need to place a higher priority on, and take immediate steps to, firstly, accurately identify the reasons for such lack of support and favourability (diagnose the ailment), secondly, prepare the appropriate strategy (medicine) for it, and, finally, swallow that pill and take the appropriate actions needed to regain the public's trust, first and foremost.
are astute and will not stand for that.
P.S. From the volatility and massive price swings that have plagued the U.S. equity market since the early part of this year, I'd say that markets had already priced in any positive economic benefits from those Republican/Trump accomplishments. As noted on the following weekly chart of the SPX, the scale of the average trading range (in histogram format and based on an input value of 1) has reached the weekly ranges that were last made during the 2008/09 financial crisis.
If this kind of volatility persists going into the midterm election, this will not bode well for Republicans and President Trump. In my Market Forecast for 2018 post I projected that we'd see an increase in volatility and political uncertainty for 2018. Since then, I've written several posts about a variety of "volatility gauges" that can be monitored over the coming weeks/months for clues on equity weakness/strength here, here, here and here.
Market volatility may be one indicator as to the favourability of whether or not Republicans will retain a majority in the House and Senate, and, ultimately, the White House...no doubt, there are many others...it's up to them to figure that out.
* UPDATE May 22...
We'll see if Republicans can build on this shift in momentum in their favour over the Democrats through to the mid-term election. How will President Trump contribute to this momentum, not only to November 2018, but through to the general election in 2020, and beyond? We'll see...