Wall Street is betting Trump backs down on Iran — but what if the ‘TACO’ trade fails this time?
For six months, investors had a playbook: when Trump threatens Iran, buy the dip, because he always backs down. But in September, the playbook stopped working.
First reported by MarketWatch.
More from Stocks
See all- Stocks
OpenAI's latest AI revelation is a 'serious situation,' Microsoft's Suleyman tells CNBC
Suleyman joined "Squawk Box" to discuss OpenAI's latest incidents of "concerning model behavior" disclosed earlier this week.
- Stocks
Swiss sports brand On signs Kylian Mbappé in blow to Nike
Group targets long-term partnership with French star, similar to relationship with tennis great Roger Federer…