Phyrex|1月 18, 2026 19:29
From my perspective, it's just four words: 'pain and joy.'
I definitely didn’t expect Trump to bring up Greenland tariffs again, but the market’s game in the first quarter is definitely tied to Trump’s tariffs, mainly the Supreme Court’s ruling on Trump’s overall tariffs.
If the Supreme Court rules that Trump’s IEEPA tariffs are invalid, then the Greenland tariffs are also likely to be invalid. So the key to the Greenland tariffs lies in the Supreme Court’s decision.
Of course, Besant said the Supreme Court will definitely support Trump’s tariffs. If I had any belief in that before, it would be about the refund of tariffs. But the Greenland tariffs might give the Supreme Court an even bigger headache, possibly even delaying the final ruling on Trump’s tariffs that was originally planned to be announced.
So the pain might come from the game itself, as it brings greater uncertainty. And uncertainty means the risk market’s volatility will increase. The joy, on the other hand, is that if there’s a significant drop, it could be a chance to buy the dip. After all, the game in the second half of 2026 will be about trusting the Fed Chair and the midterm elections.
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