No opinion today on tariffs from the US Supreme Court

The US Supreme Court is causing significant market uncertainty by delaying the tariff decision. Announced as 'decision day' this Tuesday, the court has numerous decisions pending without revealing specifics. The tariff decision could extend until June, but is expected by January or February due to its expedited hearing. A key week begins January 19, which could see crucial developments. This scenario puts pressure on stocks heavily reliant on tariffs, creating a challenging trading environment as the future remains uncertain. The administration expresses confidence in swiftly reconstituting tariffs, but the Supreme Court's ruling could significantly alter this outlook. Moreover, market sentiment may deteriorate if the uncertainties prolong into February as executives like Hassett hint at backup strategies. Investors need to brace for heightened volatility in response to these unfolding events.