The Supreme Court could deliver a ruling on tariff policy as early as Friday, potentially reshaping market dynamics. While some observers believe this might signal a halt to tariff escalation and boost equities, not everyone's convinced. Michael Browne from Franklin Templeton takes a different view—he sees this less as a reversal and more as a tactical pivot toward alternative regulatory approaches. The distinction matters: it's not necessarily about tariffs disappearing, but rather evolving into a different form. This nuance could significantly impact how investors position themselves across traditional markets and broader asset classes in the coming weeks.