The markets are behaving as if Europe has pulled the wool over Trump’s eyes

What caught my attention is Finance·The are behaving as if Europe has pulled the wool over Trump’s eyesBy Jim EdwardsBy Jim EdwardsExecutive Editor, Global NewsJim EdwardsExecutive Editor, Global NewsJim Edwards is the executive editor for global news at Fortune

He was previously the editor-in-chief of Insider's news division and the founding editor of Insider UK (something worth watching), amid market uncertainty

Moreover, His investigative journalism has changed the law in two U (something worth watching)

Federal districts and two states

Supreme Court cited his work on the death penalty in the concurrence to Baze v

On the other hand, Rees, the ruling on whether lethal injection is cruel or unusual, in light of current trends

Furthermore, He also won the Neal award for an investigation of bribes and kickbacks on Madison Avenue

SEE FULL BIO Trump thinks he's fleecing Europe but the E, in light of current trends

May have shepherded through a deal it can with (an important development)

Moreover, Dae-heung Kang via Getty ImagesStocks are up again today despite the trade deal between the U, in light of current trends

Why are traders so happy this (fascinating analysis)

Because an examination of what few details are available the deal suggest that most of it simply formalizes spending and investment that was going to happen anyway

And there’s a case heading to the U

Supreme Court which may declare all Trump’s deals are illegal in the long run

One theory is that they are trading as if one of two conditions will turn out to be true: The new E

Deal is, its Japanese counterpart, mostly composed of stuff that will never happen or was happening anyway, and therefore changes little

Supreme Court will rule that Trump has no authority to negotiate tariffs on his own under the International Emergency Economic Powers Act, and that all his deals will be declared null, resetting tariff levels nearer to zero

That would explain why, this morning, Goldman Sachs moved its estimate of E, in this volatile climate

Furthermore, GDP upward by 0

However, 1%, ing the deal, according to a note from Sahar Islam and Ayushi Mishra

Analysts are hinting this morning that E (an important development), considering recent developments

Officials appear to have pulled the wool over Trump’s eyes in the negotiations

But there is near unanimity on Wall Street that the private investment was going to happen anyway in the normal course of, amid market uncertainty. “The $600bn represents existing investment plans, not new investment,” Mark Wall and his team at Deutsche Bank wrote this morning (remarkable data) (which is quite significant), in this volatile climate. “Pie in the sky” And the Financial Times reported this morning that Europe’s “mise” to buy $750 billion of energy from the U

Cannot actually be fulfilled because the European fuel market is controlled by, not their governments (which is quite significant). “Even if Europe did want to increase its imports, I don’t know the mechanism by which the EU goes to these companies and tells them to buy more US energy,” Matt Smith, an exec at the energy consultancy Kpler, told the FT

He called it “pie in the sky (remarkable data)

Government doesn’t have the power to compel to buy American oil, the price of energy is coming down, and the long-term trend in Europe is to phase out fossil fuels in favor of renewables. “European gas demand is soft and energy prices are falling, in today's financial world

In any case, it is not states that contract for energy imports,” Bill Farren-Price, head of gas re at the Oxford Institute for Energy Studies, told the FT (quite telling)

On the other hand, “ it or not, in Europe the windmills are winning. ” The military purchases are unsurprising given that Russia is waging war on its eastern flank

Europe needs all the weapons it can get (quite telling)

Moreover, NATO will be happy to buy from the U

Additionally, VOS Selections vs Trump And then, waiting in the wings, is the biggest potential upside surprise to global stocks of them all: VOS Selections vs Trump

This case was brought by a group of small American es who are angry that their bills are going up because of the tariffs, in today's market environment

Supreme Court in Washington, D

Furthermore, “If the IEEPA is deemed inadmissable, the of the trade deals is also un,” JPMorgan’s Jahangir Aziz and Bruce Kasman reminded clients this morning

The high court is packed with Trump’s own picks, of course, so he can expect a sympathetic hearing

It would nonetheless be a huge leap for the justices to agree that routine trade deficits constitute a national emergency

If they eventually declare the tariffs illegal, expect stocks to leap

The South Korea KOSPI was up 0

India’s Nifty 50 was up 0

Explore this year's list, considering recent developments.