Subject: The Trump Always Chickens Out Trade
"The Trump always chickens out trade is the talk of Wall Street."

"Wall Street loves a catchy acronym, and the TACO trade, coined earlier this month by Financial Times columnist Robert Armstrong,
has captured the mood as investors and analysts attempt to make sense of the roller-coaster market action that has followed Trump's sweeping tariff threats and subsequent walk-backs."

"It stands for Trump always chickens out. The idea is that investors have profited by buying the dip that has followed Trump's tariff threats."

"Does Trump always chicken out on his tariff threats? So far, the answer is yes, said Tom Essaye, founder of Sevens Report Research, in a Wednesday note."

https://www.morningstar.com/ne...