Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Solana 
TRON 
Lido Staked Ether 
Dogecoin 
Market action in the wake of the tariff decision has been choppy.There aren’t many tariff/Supreme Court experts on trading desks, so markets are understandably confused. Trump and other administration officials have said many times that they have other opportunities to reconstitute tariffs. The initial reaction in markets largely suggests they’re taking that at face value.I’m not sure that’s the right take. The 6-3 decision wasn’t limited and it insists that Congress give clear authority on tariffs. Now Congress has done that with some authorities but those are time limited and/or require investigations. What’s clear is that he will no longer have the authority to wave his hand and put on tariffs and that limits his negotiating leverage.We are waiting for the inevitable Truth Social post about tariffs and it’s taking a surprisingly long time. Now, we hear that Trump will hold a press conference at 12:45 pm ET — though I’d caution that he rarely starts on time. My guess is that he could try to announce Section 122 tariffs immediately. That law authorizes the President to address “large and serious” balance-of-payments deficits by imposing broad 15% tariffs but they’re limited to 150 days and Congress is supposed to be consulted first. They could also be challenged by the courts but — critically — once the 150 days runs out, they’re done.In the meantime, Trump can set off some other trade investigations that take in the neighbourhood of six months. However those statutes are around national security so they will be hard to justify on consumer goods. Are Nike shoe imports really a national security concern? The courts will insist that justifications are legitimate but that could also take some time.So what you have is a market that’s bouncing around.In all likelihood, the government will need to pay back $211 billion in IEEPA tariffs and that’s led to some pressure on bonds but only a couple basis points. Ultimately, that’s 4% of Federal spending. The stock market likes it so far but there’s still skepticism. The S&P 500 is up 40 points, or 0.6% with the Nasdaq up close to 1%. In FX, the US dollar initially slid but it’s since bounced and the moves a modest.My guess is that most investors want to take the weekend to research but this will ultimately be seen as very good news.
This article was written by Adam Button at investinglive.com.
đź’ˇ DMK Insight
Market volatility is spiking as traders grapple with the implications of the recent tariff decision. With mixed signals from the administration about potential future tariffs, uncertainty is driving choppy price action across various assets. This confusion is particularly evident in sectors sensitive to trade policies, like commodities and equities, where traders are trying to gauge the long-term impact on supply chains and pricing. For day traders, this environment presents both risks and opportunities. The lack of clarity could lead to increased volatility, which might be exploited for short-term gains. However, it’s crucial to stay alert to sudden shifts in sentiment, especially if any new tariff announcements come through. Watching key levels in related markets, such as commodity prices or major stock indices, could provide insights into broader market reactions. For instance, if commodity prices start to rally, it might indicate that traders are pricing in inflationary pressures from potential tariffs. In this context, keeping an eye on the daily price movements and any news from the administration will be essential for making informed trading decisions.
đź“® Takeaway
Watch for sudden shifts in commodity prices and stock indices as potential indicators of market sentiment regarding future tariffs.
