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The Supreme Court might drop a tariff decision as early as Friday. Sounds bullish for US equities on the surface, right? Not quite. Michael Browne from Franklin Templeton has a different take - and it's worth listening to.
He's not seeing this as a simple tariff kill. Instead, think of it as a policy pivot. The real question isn't whether tariffs disappear. It's which direction the administration goes next. Some traders are betting this clears the air for equities. Browne's argument? The narrative matters less than what comes after.
This kind of policy ambiguity tends to shake crypto and broader markets. When macro uncertainty lingers - even after court decisions - volatility often sticks around. Keep an eye on how traditional markets digest this one. The ripple effects usually show up in risk assets shortly after.