🚨 BREAKING

🇺🇸 U.S. Supreme Court rules against President Trump's global tariffs.

Trump calls the decision a “disgrace.”

This escalates tariff-related legal tension and adds another layer of policy uncertainty. $RAVE

What it signals for markets:

• Higher policy uncertainty → usually more volatility

• Trade-exposed sectors may face pressure

• If tariff risk lingers, inflation expectations could rise

• Defensives may outperform cyclicals $ENSO

However, today’s reaction is risk-on:$PIPPIN

$SPY +0.62%

$QQQ +1.04%

For now, equities are looking through the noise.

The key question: real policy shift — or just political turbulence?