Kevin O’Leary Says <a href="https://todaytrendnews7.com/wall-street-rallies-to-records-pushing-sp-500-up-1-8-as-profits-pile-up-and-oil-prices-ease/" title="Wall Street rallies to records, pushing S&P 500 up 1.8%, as profits pile up and oil prices ease”>Wall Street Is Booming While Main Street Still Feels Inflation’s Pain
Snigdha Gairola
Sun, August 9, 2026 at 4:00 AM GMT+5:30
5 min read
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Investor and television personality Kevin O’Leary said the U.S. economy is showing strength through strong corporate earnings and stock market gains, but warned that persistent inflation and high energy costs are preventing many Americans from feeling the benefits
O’Leary Warns Inflation Still Hurts Voters
On Wednesday, O’Leary said the U.S. economy is showing strength through major company earnings and market performance but argued that consumers are still feeling financial pressure
He said, “There’s a huge disconnect between the performance of the underlying economy, whether it be small business or the S&P 500.”
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He pointed to an “extraordinary earning season,” saying, “The economy is performing on all cylinders,” which he said could benefit President Donald Trump’sadministration
However, O’Leary said the economic gains have not been fully felt by households because inflation remains elevated
“The bad news is it hasn’t translated to Main Street in any city because inflation is still persistent above 3%,” he said
O’Leary Says Gas Prices Could Shape 2026 Election
O’Leary added that energy prices remain a major concern for voters across the political spectrum
“The number one input cost for every voter everywhere, every state, red or blue, is energy. It’s gasoline,” he said
He argued that lowering oil prices below $70 per barrel before November could play an important role in shaping voter opinions and potentially affecting control of Congress ahead of the midterms
There’s a huge disconnect between the performance of the underlying economy, whether it be small business or the S&P 500. We’re having one of the most extraordinary earning seasons I’ve seen in recent history. The economy is performing on all cylinders, and that’s the good news… pic.twitter.com/wvdgY1zjEB
— Kevin O’Leary aka Mr. Wonderful (@kevinolearytv) August 5, 2026
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Trump Faces Inflation Criticism
Last week, Economist Peter Schiff pointed to a July AP-NORC poll showing Trump’s approval rating at 33%, saying the results reflected voter concerns over affordability rather than a strong economy
He noted that approval of Trump’s handling of the Iran conflict had also declined
