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REDDIT

Weird market today given the tariff news

I
Feb 20, 2026 · 17:56

SCOTUS ruled Trump’s tariffs were illegal, but the market didn't move as *enthusiastically* as it had when the tariffs were being implemented or even when it was announced some weeks ago that SCOTUS was keen on shooting them down. Obviously, sentiment is the sum of a multitude of factors, but the past year has shown a higher sensitivity to the actions and announcements coming out of the white house than with other administrations…except today. I expected at least some positive market response to this news, however, if there is one, it's pretty tepid.

So, any thoughts on potential reasons for this weirdness? Investor caution wrt potential war with Iran? Pink eye outbreak? Did the Vatican get nukes? Or did I miss other important bad news?