<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/04/Donald-Trump-speaking-at-the-White-House.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/04/Donald-Trump-speaking-at-the-White-House.png"/></p>
<p>散户交易者越来越多地将白宫的头条新闻作为交易信号，将政策冲击、逆转和地缘政治紧张局势转化为股票、债券和商品的快速操作手册。</p>
<p>这种方法在唐纳德·特朗普担任美国总统的第二任期内获得了动力，交易者使用 TACO、FAFO 和 FOMO 等缩写来框定市场的短期波动。</p>
<p>结果是，随着投资者对政策信号、冲突头条和可能的缓和迹象做出反应，油价、黄金和长期国债的波动加剧。</p>
<p>散户交易者试图利用情绪的突然转变。</p>
<p>由于对伊朗冲突和霍尔木兹海峡的担忧，油价今年飙升，而黄金在早期避险买入后经历了剧烈的逆转。</p>
<p>长期国债也成为市场和政策制定者的压力点，因为更高的收益率对资产价格造成了压力。</p>
<h2>TACO 交易获得关注</h2>
<p>最引人注目的缩写之一是 TACO，意为 “特朗普总是退缩”。</p>
<p>交易者使用这个短语来描述一种在市场下跌时买入的策略，假设白宫最终会撤回其最具破坏性的政策。</p>
<p>这个术语在 2025 年 4 月因关税引发的市场冲击而受到关注，当时特朗普暂停或逆转了部分关税政策，以重新与主要贸易伙伴进行谈判。</p>
<p>此后，类似的模式在美国对委内瑞拉和伊朗的政策中被引用，市场在重新评估更渐进的方法的可能性之前，反复定价升级。</p>
<p>对于散户交易者来说，TACO 交易代表了一种押注，即政策公告带来的初始冲击会随着政治和市场压力的增加而减弱。</p>
<p>这鼓励了在投资者相信政府可能会缓和立场时对风险资产的买入。</p>
<h2>FAFO 和 FOMO 塑造市场定位</h2>
<p>FAFO，意为 “胡闹，找出真相”，也成为交易词汇的一部分。</p>
<p>在市场中，这个短语用来描述负面事件带来的初始冲击，随后在交易者判断升级的政治或经济成本过高后进行重新定位。</p>
<p>这种模式在国债中显而易见，长期收益率在动荡时期飙升，然后在紧张局势缓解时部分回落。</p>
<p>然而，长期债券的再次抛售使得投资者对持续的干扰和通胀风险感到担忧。</p>
<p>FOMO，即 “害怕错过”，为波动性增加了另一层因素。</p>
<p>在 2025 年下半年，避险需求推动黄金强劲买入，投资者为贸易、地缘政治和经济冲击做好准备。</p>
<p>但随着一些担忧在 2026 年初缓解，黄金迅速逆转，而交易者将注意力转向油和其他商品。</p>
<h2>油价波动增加市场压力</h2>
<p>能源市场仍然是散户交易叙事的核心。</p>
<p>今年油价大幅上涨，布伦特原油触及高位，因为交易者定价霍尔木兹海峡长期干扰的风险。</p>
<p>与伊朗相关的冲突加剧了对能源供应的猜测，而在重大政策公告前的大规模方向性油价押注引起了关注。</p>
<p>散户交易者现在试图预测原油价格的下一个重大波动。</p>
<p>另一个缩写 NACHO，即 “霍尔木兹海峡绝无可能开放”，开始在交易者中引起关注。</p>
<p>这个短语反映了对能源供应的看跌观点，基于霍尔木兹海峡可能在较长时间内关闭或严重干扰的假设。</p>
<h2>跨资产的剧烈波动</h2>
<p>这些波动的速度造成了一些交易者所描述的跨资产剧烈波动。</p>
<p>黄金、股票、油和国债都在投资者在风险资产和避险资产之间轮换时剧烈波动。</p>
<p>当地缘政治风险上升时，黄金等避险资产往往会吸引资金流入。</p>
<p>但如果交易者相信白宫会干预以限制经济损害，股票也可能上涨。</p>
<p>当风险资产稳定时，黄金可能会迅速逆转，迫使另一轮定位变化。</p>
<p>这一循环使全球市场参与者的决策变得复杂。</p>
<p>投资者不再仅仅依赖传统的牛市或熊市信号进行交易，而是越来越多地将政治头条、冲突风险和政策逆转解读为短期交易的催化剂。</p>
<p>目前，散户交易者似乎愿意继续将白宫信号作为指导。</p>
<p>但这一策略在很大程度上依赖于时机。</p>
<p>如果政策冲击升级而不是逆转，围绕 TACO、FAFO 或 FOMO 构建的交易可能迅速从盈利押注转变为痛苦的损失。</p>
<p>TACO 交易吸引散户投资者，特朗普的冲击使市场波动，最早出现在 Invezz 上。</p>

西方石油

GOLD

<p>零售交易者正在利用白宫的头条新闻作为交易信号，特别是在特朗普总统任期内，使用诸如 TACO、FAFO 和 FOMO 等缩写来应对市场波动。这一策略导致了油价、黄金和国债的显著价格波动，因为交易者对政策变化和地缘政治紧张局势作出反应。TACO 交易押注于初始政策冲击影响的减弱，已获得关注，而 FAFO 和 FOMO 则反映了交易者在市场波动中动态调整头寸的情况</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/04/Donald-Trump-speaking-at-the-White-House.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/04/Donald-Trump-speaking-at-the-White-House.png"/></p>
<p>Retail traders are increasingly using White House headlines as a trading signal, turning policy shocks, reversals and geopolitical tension into a fast-moving playbook across stocks, bonds and commodities.</p>
<div class="lb-trans"><p>散户交易者越来越多地将白宫的头条新闻作为交易信号，将政策冲击、逆转和地缘政治紧张局势转化为股票、债券和商品的快速操作手册。</p>
</div><p>The approach has gained momentum during Donald Trump’s second term as US president, with acronyms such as TACO, FAFO and FOMO being used by traders to frame short-term moves in markets.</p>
<div class="lb-trans"><p>这种方法在唐纳德·特朗普担任美国总统的第二任期内获得了动力，交易者使用 TACO、FAFO 和 FOMO 等缩写来框定市场的短期波动。</p>
</div><p>The result has been sharper swings in oil, gold and long-dated Treasuries as investors react to policy signals, conflict headlines and signs of possible de-escalation.</p>
<div class="lb-trans"><p>结果是，随着投资者对政策信号、冲突头条和可能的缓和迹象做出反应，油价、黄金和长期国债的波动加剧。</p>
</div><p>Retail traders are trying to capitalise on abrupt shifts in sentiment.</p>
<div class="lb-trans"><p>散户交易者试图利用情绪的突然转变。</p>
</div><p>Oil prices have surged this year amid concern over the Iran conflict and the Strait of Hormuz, while gold has seen sharp reversals after earlier safe-haven buying.</p>
<div class="lb-trans"><p>由于对伊朗冲突和霍尔木兹海峡的担忧，油价今年飙升，而黄金在早期避险买入后经历了剧烈的逆转。</p>
</div><p>Long-dated Treasuries have also become a pressure point for markets and policymakers as higher yields weigh on asset prices.</p>
<div class="lb-trans"><p>长期国债也成为市场和政策制定者的压力点，因为更高的收益率对资产价格造成了压力。</p>
</div><h2>TACO trade gains traction</h2>
<div class="lb-trans"><h2>TACO 交易获得关注</h2>
</div><p>One of the most prominent acronyms is TACO, short for “Trump always chickens out”.</p>
<div class="lb-trans"><p>最引人注目的缩写之一是 TACO，意为 “特朗普总是退缩”。</p>
</div><p>Traders use the phrase to describe a strategy of buying market dips on the assumption that the White House will eventually step back from its most disruptive policies.</p>
<div class="lb-trans"><p>交易者使用这个短语来描述一种在市场下跌时买入的策略，假设白宫最终会撤回其最具破坏性的政策。</p>
</div><p>The term gained attention after the tariff-induced market shock in April 2025, when Trump paused or reversed parts of his tariff push to reopen talks with major trading partners.</p>
<div class="lb-trans"><p>这个术语在 2025 年 4 月因关税引发的市场冲击而受到关注，当时特朗普暂停或逆转了部分关税政策，以重新与主要贸易伙伴进行谈判。</p>
</div><p>Similar patterns have since been cited around US policy towards Venezuela and Iran, where markets have repeatedly priced in escalation before reassessing the likelihood of a more gradual approach.</p>
<div class="lb-trans"><p>此后，类似的模式在美国对委内瑞拉和伊朗的政策中被引用，市场在重新评估更渐进的方法的可能性之前，反复定价升级。</p>
</div><p>For retail traders, the TACO trade represents a bet that the initial shock from a policy announcement will fade as political and market pressure builds.</p>
<div class="lb-trans"><p>对于散户交易者来说，TACO 交易代表了一种押注，即政策公告带来的初始冲击会随着政治和市场压力的增加而减弱。</p>
</div><p>That has encouraged dip-buying in risk assets when investors believe the administration may moderate its stance.</p>
<div class="lb-trans"><p>这鼓励了在投资者相信政府可能会缓和立场时对风险资产的买入。</p>
</div><h2>FAFO and FOMO shape positioning</h2>
<div class="lb-trans"><h2>FAFO 和 FOMO 塑造市场定位</h2>
</div><p>FAFO, short for “f*** around, find out”, has also become part of the trading vocabulary.</p>
<div class="lb-trans"><p>FAFO，意为 “胡闹，找出真相”，也成为交易词汇的一部分。</p>
</div><p>In markets, the phrase is being used to describe the initial shock from a negative event, followed by a repositioning once traders judge that the political or economic cost of escalation has become too high.</p>
<div class="lb-trans"><p>在市场中，这个短语用来描述负面事件带来的初始冲击，随后在交易者判断升级的政治或经济成本过高后进行重新定位。</p>
</div><p>That pattern has been visible in Treasuries, where long-dated yields have jumped during periods of turbulence before partially retracing as tensions eased.</p>
<div class="lb-trans"><p>这种模式在国债中显而易见，长期收益率在动荡时期飙升，然后在紧张局势缓解时部分回落。</p>
</div><p>However, renewed selling in long maturities has kept pressure on investors worried about prolonged disruption and inflation risks.</p>
<div class="lb-trans"><p>然而，长期债券的再次抛售使得投资者对持续的干扰和通胀风险感到担忧。</p>
</div><p>FOMO, or fear of missing out, has added another layer to the volatility.</p>
<div class="lb-trans"><p>FOMO，即 “害怕错过”，为波动性增加了另一层因素。</p>
</div><p>Safe-haven demand drove strong buying in gold during the second half of 2025 as investors prepared for trade, geopolitical and economic shocks.</p>
<div class="lb-trans"><p>在 2025 年下半年，避险需求推动黄金强劲买入，投资者为贸易、地缘政治和经济冲击做好准备。</p>
</div><p>But as some concerns eased in early 2026, gold reversed sharply while traders shifted attention to oil and other commodities.</p>
<div class="lb-trans"><p>但随着一些担忧在 2026 年初缓解，黄金迅速逆转，而交易者将注意力转向油和其他商品。</p>
</div><h2>Oil swings add to market stress</h2>
<div class="lb-trans"><h2>油价波动增加市场压力</h2>
</div><p>Energy markets remain central to the retail trading narrative.</p>
<div class="lb-trans"><p>能源市场仍然是散户交易叙事的核心。</p>
</div><p>Oil has rallied sharply this year, with Brent crude touching elevated levels as traders priced in the risk of prolonged disruption in the Strait of Hormuz.</p>
<div class="lb-trans"><p>今年油价大幅上涨，布伦特原油触及高位，因为交易者定价霍尔木兹海峡长期干扰的风险。</p>
</div><p>The conflict involving Iran has intensified speculation over energy supply, while large directional oil bets ahead of major policy announcements have drawn scrutiny.</p>
<div class="lb-trans"><p>与伊朗相关的冲突加剧了对能源供应的猜测，而在重大政策公告前的大规模方向性油价押注引起了关注。</p>
</div><p>Retail traders are now attempting to anticipate the next major swing in crude prices.</p>
<div class="lb-trans"><p>散户交易者现在试图预测原油价格的下一个重大波动。</p>
</div><p>Another acronym, NACHO, or “Not A Chance Hormuz Opens”, has started to gain attention among traders.</p>
<div class="lb-trans"><p>另一个缩写 NACHO，即 “霍尔木兹海峡绝无可能开放”，开始在交易者中引起关注。</p>
</div><p>The phrase reflects a bearish view on energy supply, based on the assumption that the Strait of Hormuz could remain closed or severely disrupted for an extended period.</p>
<div class="lb-trans"><p>这个短语反映了对能源供应的看跌观点，基于霍尔木兹海峡可能在较长时间内关闭或严重干扰的假设。</p>
</div><h2>Cross-asset whiplash</h2>
<div class="lb-trans"><h2>跨资产的剧烈波动</h2>
</div><p>The speed of the moves has created what some traders describe as cross-asset whiplash.</p>
<div class="lb-trans"><p>这些波动的速度造成了一些交易者所描述的跨资产剧烈波动。</p>
</div><p>Gold, equities, oil and Treasuries have all moved sharply as investors rotate between risk assets and havens.</p>
<div class="lb-trans"><p>黄金、股票、油和国债都在投资者在风险资产和避险资产之间轮换时剧烈波动。</p>
</div><p>When geopolitical risks rise, safe-haven assets such as gold tend to attract inflows.</p>
<div class="lb-trans"><p>当地缘政治风险上升时，黄金等避险资产往往会吸引资金流入。</p>
</div><p>But equities can also rally if traders believe the White House will intervene to limit the economic damage.</p>
<div class="lb-trans"><p>但如果交易者相信白宫会干预以限制经济损害，股票也可能上涨。</p>
</div><p>When risk assets stabilise, gold can then reverse quickly, forcing another round of positioning changes.</p>
<div class="lb-trans"><p>当风险资产稳定时，黄金可能会迅速逆转，迫使另一轮定位变化。</p>
</div><p>That cycle has complicated decision-making for global market participants.</p>
<div class="lb-trans"><p>这一循环使全球市场参与者的决策变得复杂。</p>
</div><p>Instead of trading on traditional bull or bear market signals alone, investors are increasingly interpreting political headlines, conflict risks and policy reversals as catalysts for short-term trades.</p>
<div class="lb-trans"><p>投资者不再仅仅依赖传统的牛市或熊市信号进行交易，而是越来越多地将政治头条、冲突风险和政策逆转解读为短期交易的催化剂。</p>
</div><p>For now, retail traders appear willing to keep using White House signals as a guide.</p>
<div class="lb-trans"><p>目前，散户交易者似乎愿意继续将白宫信号作为指导。</p>
</div><p>But the strategy depends heavily on timing.</p>
<div class="lb-trans"><p>但这一策略在很大程度上依赖于时机。</p>
</div><p>If policy shocks escalate rather than reverse, trades built around TACO, FAFO or FOMO could quickly turn from profitable bets into painful losses.</p>
<div class="lb-trans"><p>如果政策冲击升级而不是逆转，围绕 TACO、FAFO 或 FOMO 构建的交易可能迅速从盈利押注转变为痛苦的损失。</p>
</div><p>The post TACO trade grips retail investors as Trump shocks move markets appeared first on Invezz</p>
<div class="lb-trans"><p>TACO 交易吸引散户投资者，特朗普的冲击使市场波动，最早出现在 Invezz 上。</p>
</div>

特朗普的震惊举动影响市场，TACO 交易吸引了零售投资者