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January 14 could prove more pivotal than any inflation data released this month.
Here's the catch: the entire tariff dividend thesis hinges on one thing—whether these tariffs actually hold up under legal scrutiny. That's the make-or-break moment.
If they do survive legally, the implications shift everything. Capital flows into households. Money moves. And frankly, things are already starting to get chaotic out there.
The market's pricing in a lot of optimism right now. But it all depends on how this legal battle plays out. Watch that January 14 date—it might matter more than any inflation number we see this cycle.