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Topic:
Gold Dips, Silver Rips as Court Blocks Trump Tariffs
Bridgewater Discovers Mercantilism
Market Analysis: Court Blocks Trump Tariffs
A federal court ruling has blocked most of the Trump administration’s recent tariff hikes, declaring the use of emergency economic powers unconstitutional for this purpose. However, the White House is expected to quickly pivot to alternative legal authorities, preserving its broader tariff agenda.
Breaking: Court Blocks Trump Tariffs; Gold Dips, Silver Rips
U.S. Court Blocks Tariffs Under Emergency Powers; White House May Pivot to Alternate Legal Tools
An appeal has been filed but is unlikely to resolve within the 10-day window. Revenue implications are significant. Revenue implications are significant—tariffs were expected to raise nearly $200B annually, roughly matching the projected FY2026 deficit increase under current fiscal proposals.
Comment: Where will that money come from if not tariffs. This is far from over. It hurts his tax cut bills, and becomes a much more complex litigious situation. As we’ve said several times recently, they seek to slow Trump’s progress, and in doing so, wait him out.
Continues in Breaking: Court Blocks Trump Tariffs
Bridgewater Discovers Mercantilism
Comment: Moral of the story. By the time even the best funds divulge things, its years after they have positioned themselves to take advantage of it at worst. At best, they are in a bubble created by their own success and add nothing of value except when it solely behooves their interests. Read their work, but view it skeptically. You know more than they do now.
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Data on Deck: THURSDAY, MAY 29
8:30 am Initial jobless claims May 24228,000227,000
8:30 am GDP (First revision)Q1-0.3%-0.3%
Summary and Final Market Check…
