A Supreme Court ruling on Trump's tariffs could land as soon as Friday. Most people are treating this as a potential halt to tariff uncertainty. But here's the thing - experts aren't so sure that's what actually happens.

Michael Browne from Franklin Templeton sees it differently. He's arguing this ruling wouldn't stop the tariff agenda at all. Instead, it might just pivot things toward a different approach. That's a crucial distinction.

The market's been eyeing this decision as a potential catalyst for US stocks. But if tariffs simply get restructured rather than reversed, the economic headwinds could persist in a new form. Policy shifts, regulatory pivots - this is exactly the kind of macro backdrop that ripples through asset classes, hitting everything from traditional equities to crypto portfolios.

Investors watching this should stay sharp. A ruling Friday could be market-moving, but the direction depends entirely on whether we're actually getting relief or just policy theater with a different costume.