Possible scenario
Second Circuit Appeal
40% Chance
The Trump administration is most likely to appeal Judge Ramon Reyes's dismissal rather than abandon a high-profile immigration enforcement case. The Second Circuit becomes the next venue for deciding whether New York City's limits on cooperation with ICE conflict with federal law.
Portfolio impact
S&P 5000.0%
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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