Wall Street traders utilize the coded term “Taco trade” (“Trump Always Chickens Out”) to describe President Trump’s unpredictable tariff policies, which often involve initial threats followed by reversals or suspensions. This acronym reflects the market’s volatile reaction to these policies, with initial drops often recovering upon policy changes. When questioned about the term, President Trump denied ever backing down from his tariff threats. The “Taco trade” highlights the frustration among traders navigating the president’s inconsistent approach.
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President Trump vehemently denied the Wall Street acronym “TACO,” which stands for “Trump Always Chickens Out,” alleging it’s a mischaracterization of his trade negotiations. He cited instances where he imposed, then later reduced or delayed, tariffs, framing these actions as strategic negotiations rather than retreats. Despite Trump’s denials, the term reflects market reactions to his fluctuating tariff policies, with stock prices often rising after he seemingly backs down from trade threats. The recent threat of 50% tariffs on the European Union, subsequently withdrawn, serves as a prime example.
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Wall Street’s anticipated economic boom under the Trump administration has failed to materialize, leaving dealmakers disappointed and banks reporting significant revenue declines. This downturn is attributed to uncertainty and a negative economic outlook, with bankers privately expressing frustration over administration policies. Meanwhile, the tech sector shows contrasting trends, with OpenAI expanding its AI infrastructure team and Alphabet’s supply-chain project, Chorus, becoming independent. Finally, the real estate market is witnessing a conflict between Zillow and realtors, impacting homebuyers.
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A proposed privatization of the United States Postal Service (USPS), spearheaded by the Trump administration and facilitated by Elon Musk’s involvement, threatens to generate $81 billion in profit for Wall Street while significantly increasing postage prices for consumers. This plan, revealed in a Wells Fargo Securities study, would involve selling off USPS assets and potentially jeopardizing the jobs of 640,000 unionized workers. The APWU and other postal worker unions are organizing nationwide rallies and actively fighting against this privatization effort, citing the detrimental impact on both workers and the public. The unions are prepared to take legal action to prevent the release of sensitive employee data.
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The New York Stock Exchange (NYSE) will establish a Texas presence, renaming NYSE Chicago as NYSE Texas to better serve the state’s burgeoning business sector and its numerous NYSE-listed companies, representing over $3.7 trillion in market value. This strategic move follows the announcement of a competing Texas Stock Exchange and reflects Texas’s increasingly business-friendly environment, particularly its stance against ESG regulations. The shift underscores Texas’s growing prominence as a corporate hub, attracting companies seeking alternatives to traditional financial centers. Trading will remain primarily electronic, with stocks listed on multiple exchanges.
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Kamala Harris’s Wall Street-approved economic pitch, heavily influenced by corporate donors and elites, fell flat with the American public. This disconnect between her campaign’s focus on economic opportunity and the everyday struggles of Americans was a significant contributing factor to her underwhelming performance. While Harris presented a macroeconomic plan aimed at boosting growth and stability, many voters felt disconnected from its potential impact on their lives, especially amidst rising costs of living, stagnant wages, and a sense of economic insecurity.
The core issue was the lack of tangible, relatable solutions that directly addressed the everyday concerns of the working class. Harris’s campaign focused on policies favored by Wall Street, such as tax cuts and deregulation, which were seen as disconnected from the needs of ordinary Americans struggling to make ends meet.… Continue reading
I have always believed that companies are not people, and it is about time we stop treating them as such. Kamala Harris’s recent announcement to curb Wall Street’s homebuying spree is a much-needed step in the right direction. The fact that companies like Invitation Homes are monopolizing the housing market and negatively impacting renters is appalling. They are evicting tenants at alarming rates, increasing rents exponentially, and skimping on property maintenance while reaping huge profits.
The consequences of allowing Wall Street to own a significant portion of single-family rental properties are far-reaching. Not only are they exploiting millennials and families in need of affordable housing, but they are also distorting the market and undermining the American dream of homeownership.… Continue reading
John Q. Hosedrinker 
Matt Underwood