CoinVoice has recently learned that, according to Jinshi Data, a report from CITIC Securities states that on July 14 local time, U.S. President Trump made comments during an interview that shocked the market, while U.S. Treasury Secretary Mnuchin's interview calmed the market. The report believes that Trump's 'bad cop' approach disturbs the market, while Mnuchin's 'good cop' approach stabilizes the market, which is the 'clear playbook' of 'TACO trading' in Trump-led news-driven markets.
On issues such as Section 899, the U.S.-Japan tariff negotiations, and the potential dismissal of Powell, Trump's statements have brought negative impacts to the market. Subsequently, Mnuchin has made favorable statements and actions for the market: he has called on the U.S. Congress to remove Section 899 from the OBBBA, expressed optimism about reaching a U.S.-Japan tariff agreement before August 1, and persuaded Trump not to dismiss Powell.
Mnuchin has played the role of a market spokesperson for the Trump administration. In the face of 'bad cop' Trump's sudden 'bad news', it is essential to pay attention to 'good cop' Mnuchin's views on related events, as his statements may trigger moments of 'TACO trading'. [Original link]