Traders Should Hedge ‘Unexpected’ Tariff Ruling, Jefferies Says

Investors should consider hedging ahead of the Supreme Court’s ruling on tariffs, as “an unexpected decision” to allow some of the Trump administration’s most sweeping levies to stand would trigger volatility, according to strategists at Jefferies.

“A surprise ‘tariffs upheld’ ruling would likely jolt markets, since most have priced in relief,” the strategists, led by Aniket Shah, wrote in a Wednesday note.