Don’t overreact: Tariffs overturned, but fundamentals still rule

The article discusses the Supreme Court’s decision to strike down the president’s use of IEEPA to implement tariffs, arguing that this will likely have limited impact on long-term intrinsic valuations, similar to the initial tariff announcements. It highlights that market fundamentals and company-specific issues, rather than tariffs, are the primary drivers of stock performance, citing examples like Nike, Walmart, and Apple. The author also notes the surprising strength of the US economy in 2025 despite the tariffs, attributing it to other factors such as the AI boom and consumer spending.