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It’s Robert Armstrong’s world, and we’re simply residing in it. Borg:
President Donald Trump bristled at options that Wall Avenue believes he’s in the end unwilling to observe by way of on excessive tariff threats, saying his repeated retreats are as an alternative a part of a method to exert commerce concessions.
“It’s known as negotiation,” Trump mentioned on Wednesday, including that he deliberately would “set a quantity at a ridiculous excessive quantity” after which “go down just a little bit” as a part of talks.
Trump was requested throughout an Oval Workplace occasion to answer stories of a so-called “TACO” commerce, wherein traders seize on market tumbles after the president makes tariff threats, predicting he’ll in the end relent and equities will rebound.
The acronym — which stands for Trump All the time Chickens Out — was coined by a Monetary Instances columnist and has since been adopted by merchants making an attempt to navigate the handfuls of modifications to tariff coverage Trump has introduced over the early months of his presidency.
Impressed by Rob’s large success in minting the coinage, FT Alphaville has tried to get in on the motion by coining a number of of its personal Mexican-inspired market adage acronyms.
MOLE
Macroeconomists
Only
List
Events
QUESADILLA
Quants
Used
Excel
Systematically
And
Don’t
IRR
Levels
Look
Appealing?
POZOLE
Practically
Only
Zero
Overlooked
Longs
Exist
SALSA
Strange
Actors
Leverage
Safe
Assets
FAJITA
Frequently
Alpha
Just
Involves
Trading
Arbitrage
TAQUITO
Trump
Always
Quickly
Undoes
Initial
Trade
Offensives
NOPALES
Never
Overweight
Pound
Assets
Listen
Everything
Sucks
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