Trade News UK sterling-and-streets note (2026-09-17): 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… Primary source: original at MarketWatch (marketwatch.com).
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.
