The U.S. Supreme Court will rule on the legality of Trump's tariffs, and the stock market faces a test

According to Jin Shi reports, the U.S. Supreme Court is about to rule on the legality of the comprehensive tariffs introduced by Trump in April, which could become the next test for the stock market in the near term. The S&P 500 index has rebounded 39% since its low point earlier this month, closing at a record high on Thursday. If the ruling finds the tariffs to exceed authority, the market will face uncertainty in the future. The last public hearing of the court was held on Wednesday, with the next session scheduled for January 9 next year. Wells Fargo's Chief Equity Strategist Ohsung Kwon expects that if the tariffs are ruled invalid, the earnings of S&P 500 constituent companies will grow by 2.4% by 2026.