The article discusses the emerging trend dubbed the 'TACO trade'—Trump Always Chickens Out—highlighting the volatility of the stock market in response to Trump's tariff announcements. The piece illustrates how investors have adapted, anticipating Trump's retreat from proposed tariffs, leading to a cycle of buying opportunities. The author reflects on Trump's interaction with reporters, particularly Megan Cassella, showcasing his frequent misunderstandings and delusions about his policies. This contradiction and the public's response to it illustrates a broader commentary on Trump's impact on America and the economy.
"This week, we got a new coin. Donald Trump has finally been effectively bullied, and it is something that all good Americans must acknowledge and celebrate."
"Armstrong called this practice the TACO trade - an acronym for Trump Always Chickens Out."
"Trump's response to Cassella shows his delusion; he misinterprets her question, thinking she said something entirely different, which highlights his detachment from reality."
"America did not catch TACO fever overnight, but now TACO has Baja Blasted itself skyward and Trump has only himself to blame."
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