There’s a new term floating around in Wall Street. There’s one thing finance bros love more than finding a pattern in the market — and that’s giving it a provocative phrase. Well, there’s a new pattern they’re calling “TACO,” and Trump, for one, thinks it’s rather “nasty.”
The pattern that Wall Street has outlined is pretty straightforward — whenever the Trump administration announces a tariff, there’s an initial shock and then the stocks drop. But then, usually, those tariffs get walked back, delayed, or even renegotiated — then, surprise, the markets bounce back. According to yet another thorn in Trump’s flesh, CBS, this pattern has gotten a new phrase in Wall Street — Trump Always Chickens Out, or TACO.
