Stock Market Unfazed by Supreme Court Hearing on Trump Tariffs. It Should Be.

1. Supreme Court appears skeptical of Trump's tariff authority under IEEPA. 2. Prediction markets cut Trump's legal victory chances to 21%. 3. DXY index fell as market assessed potential tariff revenue refunds. 4. Tariff strategy has slowed GDP growth and could worsen public finances. 5. Market reactions anticipated after the final ruling takes place.