According to Mars Finance, citing Jinshi News, the US Supreme Court is about to rule on the legality of the comprehensive tariffs imposed by Trump in April, which could be the next test for the stock market in the near term. The S&P 500 has rebounded 39% since its low that month, closing at a record high on Thursday. If the court rules that the tariffs exceed its authority, the market will face uncertainty. The final public hearing was held on Wednesday, with the next hearing scheduled for January 9th next year. Wells Fargo's chief equity strategist, Ohsung Kwon, predicts that if the tariffs are ruled invalid, S&P 500 companies' earnings will grow by 2.4% by 2026.
The US Supreme Court will rule on the legality of Trump's tariffs, putting the stock market to the test.
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