Yes they have. Although, I personally believe the market is over-inflated as is. A correction is coming, likely regardless of what transpires. But these trade wars will only hasten this reality, and could have significant political repercussions. I believe one of the only reasons Trump is maintaining the modicum of popularity that he has, is because he inherited an economy that was chugging along pretty well. When that turns, I suspect many of the luke-warm approval will turn as well. The cult will still be there, but they represent only ~30% or so of his approval, in my estimation.