BID/ASK – Episode 6

Opinion Day is here. We break down the risk around a possible Supreme Court ruling on tariffs and why markets are bracing for a major policy shock. If tariffs are struck down, we explain why the initial relief rally could be short lived as Washington scrambles for replacement mechanisms and legal workarounds.

We also zoom out to rising tensions involving Iran and why the Strait of Hormuz remains one of the most important pressure points in global markets. With a significant share of the world’s oil flowing through a single chokepoint, even the threat of disruption has real consequences for inflation, energy prices, and risk assets.

This episode connects the dots between courts, geopolitics, and price action, explaining why today’s headlines can quickly turn into tomorrow’s volatility.