U.S. media reports that Donald Trump erupted in fury when asked about the new acronym TACO, which has gained popularity in financial markets.
It stands for Trump Always Chickens Out — "Trump always chickens out." This joke implies that the former president, when faced with real resistance, does not follow through on his loud threats but prefers to retreat.
Investors have long noticed this pattern and successfully use it to their advantage. Every time Trump threatens to 'punish' Mexico, Canada, China, or Europe, the market panics, stocks drop — and that is when traders actively buy them up. And a few days later, when Trump, as usual, backs away from his statements, prices rebound, and investors sell their stocks at a profit.
When journalists asked Trump himself about the meaning of the acronym TACO, he literally exploded with indignation. He stated that there is no such thing as TACO, called the question 'disgusting,' and emphasized that he is not a coward, but rather — a very decisive person. According to him, many people tell him just that: that he is 'too cool.'
Now his image as a 'non-performer' has become as much of a trend as the price of oil. There is no hiding from it — especially when all of Wall Street is already taking advantage of this. So what now? Expect loud statements, bold moves (in his opinion) from Trump, and possibly yet another promise to build a wall — but now on the competitor's field.
