Wall Street has rolled out a new index designed to predict when President Donald Trump will back down from market-disrupting policy decisions. They’ve called this phenomenon “TACO,” which stands for “Trump always chickens out.” This shows how much the financial world is trying to stay ahead of the president’s unpredictable policy shifts.
According to Mediaite, the index was created by Deutsche Bank strategist Maximilian Uleer. It tracks the various pressures President Trump is under and tries to measure how likely he is to change course on a given issue. The term “TACO” itself was first coined by Robert Armstrong to describe moments when President Trump backs down under external pressure.
