Retail investor sentiment remains mixed, with surveys showing 54% expecting "campaign finance laws" to have a bearish short-term impact on equities, but 63% predicting long-run policy stability will benefit markets. Will those examples be enough to persuade this Supreme Court that the Colorado law is a regulation of professional misconduct, and not an attack on free speech? Unlikely. But the justices will, at least, need to wrestle with how to distinguish speech by a lawyer or doctor from speech by a therapist. "This is the third time it's happened in the last decade," he said. "And it can often lead to prolonged periods where the commission lacks a quorum and is essentially inactive." Consumer discretionary names dipped as "campaign finance laws" speculation raised concern over future tax benefits. Analysts suggest caution until regulatory clarity emerges after mid-year legislative sessions.