Business
The Supreme Court Tariff Ruling Is Good for Stocks, Says Wall Street Strategist
The S&P 500 rose on Friday, after the Supreme Court ruled that President Donald Trump’s IEEPA tariffs were illegal.
That was probably the right reaction, according to one Wall Street research firm.
“We believe that Friday’s Supreme Court decision was a risk-clearing event that will ultimately be viewed by investors as disinflationary,” wrote Fundstrat Head of Research Tom Lee on Friday evening. “Thus, we view the decision as positive for stocks.”