As the stock market has been scaling new records despite President Donald Trump‘s ongoing tariff disputes, this expert points out a new “feedback loop” fueled by TACO – ‘Trump Always Chickens Out’ trade on Wall Street that has kept the equities near their all-time highs.
What Happened: According to Justin Wolfers, a professor at the University of Michigan and senior fellow at the Brookings Institution, there’s an ongoing problem with the “Wall Street → White House → Wall Street feedback loop.”
