Saxo Market Call The TACO trade engages once again
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May 26, 2025 This discussion sheds light on Trump's latest tariff delays and their impact on the market. The uranium sector sees a 15% surge thanks to new executive orders. The confrontation between the EU and China heats up, especially regarding technology and manufacturing. There's also a closer look at the foreign exchange market, highlighting the US dollar's vulnerability against major currencies. Tune in for insights on how these geopolitical shifts influence global trading strategies.
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The TACO Trade Cycle
- The "TACO trade" means Trump often escalates trade tensions then delays action, causing market cycles of volatility and calm.
- This cycle emboldens Trump to create new bold policies, restarting market instability repeatedly.
US Debt Ceiling Battles Impact Treasury
- US Treasury market focus centers on the budget bill with a $5 trillion debt ceiling increase, facing Senate opposition over deficit scale.
- Despite edits, large deficits will continue, keeping Treasury market volatility in focus during US holiday.
Trump Tariffs Hit Apple Hard
- Trump targets Apple with potential 25% tariffs to pressure iPhone production back to the US rather than India or China.
- Apple's stock struggles with a 25% drop versus the broader tech recovery, showing significant relative weakness.