Possible scenario
D.C. Circuit Appeal
30% Chance
The Trump administration is likely to appeal any adverse procedural or interim order, arguing that the cases are moot or nonjusticiable after the fiscal-year deadline. The D.C. Circuit becomes the next forum for defining whether pocket rescissions can evade judicial review.
Portfolio impact
S&P 500-0.0%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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