Markets are bracing for a wild ride! 🚨 Two major US events are happening back-to-back, and they're packed with volatility.
Here's what's at stake:
- US Supreme Court Tariff Ruling (10:00 am ET): A 77% chance the Court rules Trump tariffs illegal, potentially triggering a $600B+ refund. Even if tariffs are struck down, the President has other tools to impose them, but they're slower and less predictable.
- US Unemployment Data (8:30 am ET): Expected unemployment rate is 4.5%, down from 4.6%. Higher unemployment strengthens recession fears, while lower unemployment eases recession concerns but reduces rate cut expectations.
The combo of these events makes the next 24 hours a high-risk window for markets. Be prepared for volatility and manage your positions accordingly! 💸
Stay Safe!
#USTradeDeficitShrink #CPIWatch #USJobsData #WriteToEarnUpgrade #Mfkmalik