Trump 'pays attention to the stock market': Wall Street eyes signs of TACO amid Iran war
Wall Street is spotting the return of the “TACO” playbook.
“Trump Always Chickens Out” — a reference to the president's habit of backing off policies that rattle markets— resurfaced last week when he extended a pause on strikes against Iran's energy facilities to give time for negotiations aimed at reopening the Strait of Hormuz, the region’s critical oil waterway.
“From a market structure perspective, this looks very much like a classic 'TACO' dynamic with Trump signaling escalation, then stepping back when faced with the economic consequences,” wrote Daniela Hathorn, senior market analyst at Capital.com.
“That reinforces the idea that the US administration is actively seeking an exit, even if the path to get there remains unclear,” she added.
https://finance.yahoo.com/news/trump-pays-attention-to-the-stock-market-wall-street-eyes-signs-of-taco-amid-iran-war-140048438.html