BREAKING: TRUMPS TARIFFS VOTED ILLEGAL!!!
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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.
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