After weeks of whiplash in markets where stocks and commodities have bounced around on the US President Donald Trump’s latest social media post, a temporary ceasefire in the Middle East has given exhausted traders and fund managers some reprieve from the extreme price swings.
The president’s rhetoric has swung widely since the war erupted six weeks ago as he talked up an imminent end to the conflict with Iran one day only to threaten to send the country back to the “Stone Ages” the next. That volatility – including a 2.6 per cent jump in the S&P/ASX 200 on Wednesday – has proved difficult to swallow, even for those seasoned investors betting on the TACO trade, where “Trump always chickens out”.
Source: https://www.afr.com/markets/equity-markets/trump-s-latest-taco-delivers-reprieve-for-exhausted-investors-20260407-p5zlw1