V-M=-C

UPDATE The Chinese-Venezuelan-Hunter Biden Laptop-Clinton Supreme Court (not our name, but the nomenclature used by Maga drones) has STRUCK DOWN most of the president's authority to impose tariff's based on countries that did not support his nomination for a Nobel Peace Prize. 

Justice Roberts, along with Gorsuch and Coney were in the majority. Roberts wrote the opinion. Kavanaugh, Alito and Thomas in dissent which we will summarize: "Today we strike down an act of the President, something we promised not to do at our last federalist society meeting. If the court cannot keep it's word, the public will lose confidence in our ability to roll over when the president holds out a biscuit and orders us to do so."  

Local effects; 1) A local lawyer "no pago esa tarriffs" has announced the first lawsuit to recover tariffs paid by consumers.  Check your local bus bench. 133 billion is at stake to be returned and law firms everywhere have their calculators out "hmmmm 1/3 of a billion is....and multiply that by 133 is ...$$$$). 

2) The eleventh judicial circuit (Miami-Dade) has issued an order to all Miami judges to NOT apply the decision of the Supreme Court as the court did not comply with the requirement to include the certification that no part of this decision was written by AI. The effects on the Homestead Branch Court (all tariff litigation all the time) is unknown but worrisome. 

Markets have digested the decision without much movement downward. Upcoming: The President State of the Union is scheduled- the White House is busy UNINVITING six Supreme Court Justices. 

 We have some Friday math coming. But at the moment at 9:50 am we are monitoring the Supreme Court to see if the Tariffs opinion will be released.  It is going to be a temporary market mover any way the decision goes.