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It’s Robert Armstrong’s world, and we’re simply dwelling in it. Borg:
President Donald Trump bristled at strategies that Wall Avenue believes he’s finally unwilling to observe by on excessive tariff threats, saying his repeated retreats are as a substitute a part of a method to exert commerce concessions.
“It’s known as negotiation,” Trump mentioned on Wednesday, including that he deliberately would “set a quantity at a ridiculous excessive quantity” after which “go down somewhat bit” as a part of talks.
Trump was requested throughout an Oval Workplace occasion to reply to studies of a so-called “TACO” commerce, during which buyers seize on market tumbles after the president makes tariff threats, predicting he’ll finally relent and equities will rebound.
The acronym — which stands for Trump At all times Chickens Out — was coined by a Monetary Occasions columnist and has since been adopted by merchants making an attempt to navigate the handfuls of adjustments to tariff coverage Trump has introduced over the early months of his presidency.
Impressed by Rob’s enormous success in minting the coinage, FT Alphaville has tried to get in on the motion by coining a number of of its personal Mexican-inspired market adage acronyms.
MOLE
Macroeconomists
Only
List
Events
QUESADILLA
Quants
Used
Excel
Systematically
And
Don’t
IRR
Levels
Look
Appealing?
POZOLE
Practically
Only
Zero
Overlooked
Longs
Exist
SALSA
Strange
Actors
Leverage
Safe
Assets
FAJITA
Frequently
Alpha
Just
Involves
Trading
Arbitrage
TAQUITO
Trump
Always
Quickly
Undoes
Initial
Trade
Offensives
NOPALES
Never
Overweight
Pound
Assets
Listen
Everything
Sucks
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