President Trump has repeatedly threatened to invoke the Insurrection Act since taking office in 2025, primarily to address protests against expanded ICE enforcement operations and to bypass court restrictions on National Guard deployments in cities such as Los Angeles, Chicago, and Portland. The most recent threat came in January 2026 following an ICE shooting death in Minnesota that sparked demonstrations; the president later indicated he no longer saw an immediate need for military intervention. The Act has not been used since 1992, and a Senate reform bill introduced in June 2025 seeks to narrow its scope. Traders monitor ongoing immigration enforcement actions, state-federal tensions, and any escalation in domestic unrest as potential triggers, while noting the president's broad statutory discretion and historical reluctance to invoke the measure without state requests.