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Coping Mechanisms 101: The “TACO” Trade
4 Articles
4 Articles
In the last two months, investors have found a new stock market strategy, based on a simple rule: TACO, or “Trump always chickens out” (in English, Trump Always Chickens Out). The US president threatens to impose huge tariffs on friends or enemies alike, or to dismiss the president of the Federal Reserve, and then ends up backing down when the market whip imposes its relentless discipline. He then insists on tariffs, just to back off again.
Coping Mechanisms 101: The "TACO" Trade - Zeihan on Geopolitics
I won’t ramble on about Trump’s chaotic trade policy because you’re all aware of that. However, there are some interesting updates to share.After most of America’s key trading partners have been subjected to the chaos, Wall Street has adopted a new strategy called the “TACO” trade – short for “Trump Always Chickens Out.” You know since most of his aggressive threats are walked back within weeks of announcing them.We’ve also seen a court ruling s…
Over the past two months, financial investors have developed a new trading strategy based on a simple rule: TACO – “Trump Always Chickens Out.” The American president threatens to impose massive tariffs on imports on friend and foe alike or to remove the chairman of the Federal Reserve, but backs down when the market bully imposes uncompromising discipline. Then he goes back to tariffs and backs down again.
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