The acronym TACO, signifying 'Trump Always Chickens Out', has emerged as a point of discussion among investors regarding President Trump's trade policies. The term gained prominence when the New York Post reported on the TACO trade strategy, suggesting that investors expected Trump to reverse his tariff positions in response to market pressures. This concept was originally introduced by Financial Times columnist Robert Armstrong during a television segment, explaining that Wall Street anticipates Trump's concessions as a consistent reaction to economic difficulties, thereby driving bullish sentiments in the market.
Trump is going to make everyone poorer. Well, I think what Wall Street is hoping is that Trump is ultimately going to back down on the tariffs.
I think the TACO trade is what is driving Wall Street up recently. Trump gives concessions or folds when the going gets tough.
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