BREAKING: TRUMPS TARIFFS VOTED ILLEGAL!!!
These notes were generated by AI and may contain inaccuracies.
Supreme Court decision came out today. Market is pumping: NASDAQ up almost 1%, maintaining higher highs, higher lows pattern. Anticipates tsunami wave of lawsuits against the US.
Supreme Court of the United States ruled President Trump's tariffs illegal. US faces over $150 billion in potential tax refunds. Surprised they ruled, as they've been delaying. Refund process likely a mess, as acknowledged at oral argument.
Market reacts positively because it disliked tariffs. During Trump tariff trade war in April 2025, tariffs caused market downturns. Markets hate uncertainty. Initial reaction irrational but positive—don't fight it, let markets push up.
Corporate Lawsuits
Big corporations like Costco suing Trump administration and US over illegal tariffs. Seek refunds plus interest and opportunity costs. Tsunami of companies could flood in demanding billions in refunds and interest.
Even Trump himself has said that if the Supreme Court rules against him, he does not know how the US will pay back the billions of dollars already collected and spent from tariff revenue. This could devastate our economy.
Inflation PCE report (Fed's favorite measure): 2.9% overall vs. expected 2.8%—higher than expected.
US Q4 GDP: 1.4% growth vs. expected 3%—less growth than expected, not bullish.
Pre-market sell-off on these reports, but markets recovered irrationally after Supreme Court announcement 30 minutes post-open, pushing to new highs. Go long, no need to sell positions. Initial reaction doesn't define reversal.
Risk of more bad news: series of companies suing US. Trump considering limited strike on Iran as soon as this weekend—markets hate uncertainty, especially over weekend with no risk management. At overbought levels, avoid overleverage. We're here to make money.
Doesn't believe in Opendoor (OPEN). New management won't replicate Carvana turnaround—Carvana was previously successful in 2021, struggled 2022-2023, then recovered. OPEN has been selling off for years.
Respects investing in underdog stories. No issue trading meme stock momentum (e.g., from 50 cents to $10). Problem with those pumping at elevated levels because down on positions.
Example: Isaac's Position
Isaac down 43% ($21,000 loss), all-in at average $8.52. Was up 14-15% intraday but still net down. Encourages beginners to buy high to exit his bag. Avoid such promoters—convicted felons pumping without fundamentals for personal gain.
Had same issue with AMC and GameStop. Distinguishes true investors with good averages ($1-3) from bagholders.
Current levels: even after 12% push (now retracing), needs 64% pump to break even. Possible in irrational markets, as OPEN has pumped before.
No issue investing in valued companies. Call out failure to disclose risks to beginners on speculative turnaround plays.
- Use money you can afford to lose.
- Don't use leverage or margin.
- Take profits—not taking them won't pay bills.
- In market full of greed, be selfish and look out for yourself.
- When in doubt, cash out.
OPEN shows overbought reversal signs; if breaks major support, could retrace to $4. Do what's best for you. Credits Opendoor army for current price but doubts long-term success. Some need drawdown for reality check.
Excited to update on Trump tariff decision and US-Iran tensions. End year on green note. Take care.
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