Investors are getting accustomed to a familiar pattern known on Wall Street as ‘TACO' — the assumption that the president eventually reverses policies that threaten to sink the market
U.S. President Donald Trump on Wednesday backed off from his plan to impose new tariffs on some European countries resisting his effort to obtain Greenland and promised he wouldn't use force to get the Danish territory, sparking a rally for stocks.
The episode may show the limits of President Trump's ability to cajole the financial industry into voluntarily giving up billions of dollars in revenue.
Investors appear unconvinced by Netflix's effort to acquire Warner Bros. Discovery's studio and streaming businesses and have registered their discontent over the company's 2026 guidance.
Retail investors are diving into the stock rotation as the year kicks off, shifting away from crowded growth trades and into assets with direct links to the real economy, according to Citadel's Scott Rubner.
