What did Trump say on Dan Bongino, and why do markets care?

He told Dan Bongino that Republicans should “nationalize” elections. Legal experts argue states run elections under the Constitution. Even if enactment odds are low, the talk raises election policy risk, which can move valuations, correlations, and short‑term volatility across the S&P 500.

How is the S&P 500 trading today?

The index is at 6,939.02, down 0.43% on the day. The range is 6,893.48 to 6,964.09, near the 52‑week high of 7,002.28. Momentum reads are mixed: RSI 57.52, Stoch elevated, MACD positive, and ADX 12.18 suggests no strong trend yet.

What levels should investors watch on ^GSPC?

The middle Bollinger band at 6,866.40 is key support. Upper bands and resistance sit near 6,980.35 and the 7,002.28 record. Deeper support aligns with 6,752.45 and Keltner 6,751.95. A weekly close above 7,002.28 would reset ranges and signal fresh momentum.

How can I manage risk during policy headlines tied to elections?

Keep position sizes moderate, pace entries near support, and consider defined‑risk hedges like put spreads. Use ATR near 59 to frame stops. Watch for momentum fades at band tops. If ADX remains low, expect range behavior and potential mean reversion around key technical levels.

Law and Government

^GSPC Today: February 02 Trump on Bongino Urges ‘Nationalize’ Voting

ByDanny Kontos February 3, 2026February 3, 2026

Dan Bongino is central to today’s legal and market discussion after Donald Trump urged Republicans to “nationalize” elections on his show. Legal experts pushed back, citing state control of voting. Such election policy risk can lift equity risk premia and fuel S&P 500 volatility. The S&P 500 (^GSPC) trades at 6,939.02, down 0.43% intraday, with a 6,893.48 to 6,964.09 range. We break down the constitutional backdrop, why it matters for pricing, and the key technical levels investors should watch now.