For some nine months now, the TACO trade has proven a reliably winning one on Wall Street. Short for “Trump Always Chickens Out,” it emerged in the wake of the US president’s global tariff rollout — and rollback — last April. It quickly became the rallying cry for investors tuning out the more extreme White House threats as they kept buying risky assets. There’s just one problem with the trade, th...
For some nine months now, the TACO trade has proven a reliably winning one on Wall Street. Short for “Trump Always Chickens Out,” it emerged in the wake of the US president’s global tariff rollout — and rollback — last April. It quickly became the rallying cry for investors tuning out the more extreme White House threats as they kept buying risky assets. There’s just one problem with the trade, though, as some on Wall Street are beginning to appreciate. If TACO means investors don’t need to panic when Trump signals aggressive policy action after another, then there are no market collapses violent enough to spook him into backing down like he did on tariffs last year. Trump’s push to take over Greenland — complete with threats of tariffs against European allies — has brought a sense of urgency to the matter in markets . On Tuesday, they slumped, with the S&P 500 sinking 2.1%, the dollar tumbling and volatility climbing. With US stocks futures pointing to a mild rebound on Wednesday, the selloff may not have much staying power. For the TACO trade to live on, some say, there first needs to be a bigger, more chaotic rout that reminds Trump of the market pain he stirred up in April. “Is this all just TACO again? Oh absolutely,” said Marko Papic , chief strategist at BCA Research. “But I think that we may have to have a Liberation Day-type of a downturn before we get to the bottom of it.” Read more: JPMorgan’s Michele Says Market Selloff Is Message for Trump In the telling of Papic, the escalating tension with Europe may serve multiple purposes — one of which is to shift attention from domestic policy issues, including a pending Supreme Court ruling on Trump’s authority to impose tariffs, a decision with potentially far-reaching consequences. Another reason: It follows a string of disruptive maneuvers by the White House, including pressure on the Federal Reserve and renewed trade rhetoric, at a time when markets sit far higher than they did last spring. The S&P 500 has ne...
Every stock can be like the proverbial glass of water that's either half-empty or half-full, depending on how you look at it. United Parcel Services (NYSE: UPS) is no exception. If you're a half-empty kind of person, you'll likely point out that UPS stock is down by a double-digit percentage over the last 12 months while the S&P 500 (SNPINDEX: ^GSPC) has soared. You might also note that the packag...
Every stock can be like the proverbial glass of water that's either half-empty or half-full, depending on how you look at it. United Parcel Services (NYSE: UPS) is no exception. If you're a half-empty kind of person, you'll likely point out that UPS stock is down by a double-digit percentage over the last 12 months while the S&P 500 (SNPINDEX: ^GSPC) has soared. You might also note that the package delivery giant is spending more to pay dividends than it generates in free cash flow , a worrisome sign. On the other hand, investors with a half-full outlook will probably focus on UPS stock's rebound, as shares have jumped more than 25% over the last three months. They'll also no doubt emphasize the company's better-than-expected third-quarter 2025 results. Continue reading
Riot Platforms advances its infrastructure strategy by securing a major power lease with semiconductor giant AMD to host high-performance computing workloads.
Riot Platforms advances its infrastructure strategy by securing a major power lease with semiconductor giant AMD to host high-performance computing workloads.
Standard Chartered Chief Executive Officer Bill Winters discusses current geopolitical tensions. "I think we've gotten to a place where we're definitely operating in a different world, with much higher barriers to trade in some key corridors," he tells Bloomberg's Francine Lacqua. "But the global economy is continuing to perk along just fine," Winters adds. He also talks about the state of the US ...
Standard Chartered Chief Executive Officer Bill Winters discusses current geopolitical tensions. "I think we've gotten to a place where we're definitely operating in a different world, with much higher barriers to trade in some key corridors," he tells Bloomberg's Francine Lacqua. "But the global economy is continuing to perk along just fine," Winters adds. He also talks about the state of the US economy and crypto moving into the traditional banking space. He speaks on Bloomberg Television at the World Economic Forum's annual meeting in Davos, Switzerland. (Source: Bloomberg)
China’s securities regulator has, for the first time, penalized mutual fund companies for helping institutional investors reduce tax liabilities by exploiting dividend payouts in bond funds, signaling a tough stance on regulatory arbitrage. According to a bulletin released by a department of the China Securities Regulatory Commission, several fund companies were ordered to rectify their practices ...
China’s securities regulator has, for the first time, penalized mutual fund companies for helping institutional investors reduce tax liabilities by exploiting dividend payouts in bond funds, signaling a tough stance on regulatory arbitrage. According to a bulletin released by a department of the China Securities Regulatory Commission, several fund companies were ordered to rectify their practices and had related business suspended for three months. Accountability proceedings were launched against senior executives and directly responsible staff, including those intentionally leaking dividend information.