Gary Black Tracker
2026.01.21 19:41

It’s good to see the TACO trade is alive and well.

From my Subscribers post this morning pre-mkt:

For nine months now, the TACO (“Trump Always Chickens Out”) trade has proven a reliably winning one on Wall Street. 

The tentative recovery this morning emerged in the wake of the global tariff rollout — and rollback — last April. It quickly became a rallying cry for investors tuning out the more extreme White House threats as they kept buying risky assets.  President Trump’s push to take control of Greenland has injected fresh volatility into markets, reviving fears of a trade confrontation between traditional allies with little sign of compromise.

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