🚨 The U.S. Supreme Court will rule on the legality of Trump's tariffs, which may become the next big test for the stock market

According to Jinshi reports:

The U.S. Supreme Court is about to make a ruling on whether the comprehensive tariffs introduced by the Trump administration in April were overstepping authority. This result could become a new pressure point for the U.S. stock market.

📈 Current Market Background

The S&P 500 has rebounded 39% since the low in April

On Thursday, it even reached a historical high during the session

In this "high and fragile state," any policy shock could amplify market volatility.

⚖️ Impact of the Ruling

If the court rules the tariffs invalid:

Policy uncertainty increases

Corporate cost structures & supply chain expectations face reassessment

Wells Fargo's Chief Equity Strategist Ohsung Kwon predicts:

If the tariffs are overturned,

S&P 500 constituent companies' earnings are expected to increase by about 2.4% in 2026

📅 Timeline

The last public hearing of this round: Wednesday

Next court session: January 9, 2025