Investors are bracing for a volatile week ahead as markets react to President Trump’s latest tariff plans and significant legal cases. The European Union is preparing a response to Trump’s proposed 10% tariffs on eight EU nations, a move that could escalate into a major trade conflict. EU officials are considering harsh retaliatory measures, including a 93 billion euros tariff package on U.S. imports, potentially aggravating the already tense transatlantic relationship.

The Supreme Court is set to rule on the legality of Trump’s sweeping tariff measures, with markets expecting the court to strike down their use of emergency economic powers. This ruling could further cloud the future of trade policies, particularly impacting the upcoming Greenland tariffs. Additionally, the court will hear arguments on Trump’s attempt to fire Federal Reserve Governor Lisa Cook, a move seen as an effort to undermine the central bank’s independence.

Market focus will also be on quarterly earnings reports from major companies. Netflix is expected to report its latest results, with investors closely watching its Warner Bros. Discovery acquisition plans amidst increased regulatory scrutiny. Meanwhile, Intel is set to reveal its financial performance, a critical moment for a company struggling to compete in the AI chip market and facing intensifying pressure from rivals like Nvidia.

As the midterm elections approach, the Trump administration is poised to unveil more details on its housing affordability plan. Proposed measures include allowing investors to use retirement funds for down payments and capping credit card interest rates. These initiatives aim to address rising housing costs, a significant concern for voters, but their economic impact remains to be seen.