The market’s historical run over the past month hasn’t only recovered all the losses, in what appears to have been the shortest bear market for stocks in American history, stocks are now higher on the year as well.
Two points were very clear coming out of the Supreme Court’s hearing over President Trump’s birthright citizenship executive order. 1) There’s zero chance that President’s Trump’s order will be allowed to redefine birthright citizenship as it’s been allowed to persist since the onset of the Fourteenth Amendment in 1868. 2) That there was broad interest in reining in the use of universal injunctions by lower courts.