Podcast Appearances
Could he, I don't know, seek to impeach a justice or three justices?
It doesn't seem to matter to investors, at least for the moment.
You look at the S&P 500.
It did shoot up.
It's come back a little bit.
But what's notable here, Paul, is that the best performing group among 24 groups is the consumer durable and apparels group.
Lululemon, for instance, jumping about 5% right at the open.
It's paired some of that advance to 2.4%.
Lululemon, along with other companies, presumably...
hurt by these tariffs would benefit, therefore, with the removal of these tariffs.
Although, as Tyler made clear, it's not clear whether there would be a refund or how that would even be put together.
And just a quick mention, equities building on their advance a little bit with the S&P 500 now up a third of 1%.
Treasury yields are higher.
And the thinking is that the removal of tariffs would leave a budget hole that we know already surpassed $130 billion as of December.
Treasury would need to sell a lot more bonds to bridge the gap, and that would put some pressure on yields, upward pressure.
And of course, if there are refunds,
As part of it, that would only make the situation worse.
It would exacerbate these moves.
And also, all the different sections that you cited,
Most of these tariffs can't be imposed instantly.