If the Supreme Court really does strike down the tariffs, the S&P could jump—I’m only halfway convinced. Once the tariffs are gone, import costs fall and companies get some breathing room on their income statements, so a rally wouldn’t be surprising. But don’t assume the upside ends once the news is priced in: we’d also lose a bargaining chip in trade negotiations, making the back-and-forth even more grueling. I hope I’m wrong this time—if I am, it means the rally still has room to run. Keep an eye on it if you’re following along.