Unhedged The nasty Taco question
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May 29, 2025 The podcast dives into the hilarious yet impactful 'Taco trade,' stemming from a tense moment between a journalist and the President. Traders are left anxious about market reactions and potential implications. The conversation humorously critiques finance trends, like FOMO and ineffective acronyms, while also unpacking the serious impact of political statements on the economy. Moreover, there's a playful brainstorming session on finance-related acronyms alongside reflections on corporate leadership changes, all infused with wit and candor.
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Taco Trade Goes Viral
- The taco trade, coined by Rob Armstrong, unexpectedly became a hot topic including in a White House press briefing.
- Rob himself is surprised by how the phrase went viral and affected discussions up to the President of the US.
Chickening Out Is Positive
- Rob Armstrong hopes that President Trump continues his pattern of 'chickening out' on drastic tariff actions.
- This habitual backing down has been good for markets and should be celebrated rather than criticized.
Trump’s Negotiation Style
- Trump uses high, outrageous numbers as negotiation tactics to anchor discussions before settling lower.
- However, he often backs off before negotiations truly start, limiting the tactic's impact.