Forget About the "TACO" Theme...It's Over.
Trump is going to be much tougher with our trading partners going forward
The Trump Administration may have extended the tariff deadline once again, but assuming this means that the “TACO” theme is a compelling one is a big mistake in our opinion.
The market is pricing-in the thought that as long as the tariffs are not as big as the Liberation Day proposals, everything will be fine. Is this the correct tact to take?
Watching the S&P 500 Equal Weight Index.
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