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Has TACO trade in stocks run its course? Chris Wood of Jefferies decodes
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Puneet Wadhwa New Delhi
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TACO (Trump Always Chickens Out) trade may have run its course as a positive factor for the markets, suggests Christopher Wood, global head of equity strategy at Jefferies in his recent note to investors, GREED & fear.
'But GREED & fear has started to wonder if TACO has run its

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Indian Express
11 minutes ago
- Indian Express
Trump ‘caught off guard' by recent Israeli strikes in Syria and Gaza, says White House
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Time of India
24 minutes ago
- Time of India
'We're going to crush your economy': US Senator warns India, China, Brazil over 'cheap' Russian oil; threatens to 'tariff the hell out'
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Economic Times
29 minutes ago
- Economic Times
Ukraine risks becoming to Trump what Afghanistan was to Biden
Agencies Ukraine risks becoming to Trump what Afghanistan was to Biden On the face of it, the US involvement in Ukraine bears little similarity to the 20-year Afghanistan war, not least because there are no American boots on the ground in Europe. Yet there are similarities for President Donald Trump: resolving the conflict is proving no easy task, and he risks getting shackled with responsibility — and potentially blame — the longer it goes on. That's a feeling that has gained more credence as Trump wrestles with how to respond to President Vladimir Putin as he's stepped up deadly strikes against Ukraine. Trump has been foiled in his pledge to make peace quickly, forcing him to decide whether to get more involved or keep his sucked into the conflict more deeply would provoke the ire of Trump's Make America Great Again base. But allowing Russia to make steady gains, while holding off on additional aid, might make him look weak and draw accusations that he didn't do enough to stop Putin.'Trump's been in charge of US policy for almost six months and the war continues, and now it's on Trump,' said John Herbst, a former US ambassador to Ukraine, who's now with the Atlantic Council. 'He understands that he could get nailed big time if Putin wins on his watch.' The Afghanistan comparison may seem far-fetched given the fundamentally different nature of the two conflicts. At its high point, the US had 100,000 troops in Afghanistan and nearly 2,500 American military personnel died over the course of the 20-year war. Ultimately the US was unable to stop the Taliban and President Joe Biden got blamed for a US withdrawal — one that Trump laid the groundwork for in his first US has no troops on the ground in Ukraine, limiting itself to the flow of weapons and materiel. The conflict is in its fourth year and few analysts predict a massive collapse of the Ukrainian government or say Russia would be able to take over the whole so, Trump has strenuously sought to distance himself from it, repeatedly saying the war never would have happened on his watch and suggesting he's not responsible for the outcome. 'It wasn't my war — it was Biden's war,' he said at a meeting with NATO Secretary General Mark Rutte earlier this month. 'It's not my war. I'm trying to get you out of it.'The Afghanistan comparison has slowly filtered into the conversation. Months before Trump won reelection in November, Washington Post columnist Marc Thiessen, a senior fellow at the right-leaning American Enterprise Institute, warned Republicans about the dangers of blocking more aid to Ukraine.'For Republicans, a time for choosing has arrived: Unless you want to be blamed for the fall of Kyiv the way Biden is blamed for the fall of Kabul, send military aid to Ukraine,' he a year later, this past February, Council on Foreign Relations President Michael Froman made the point just as sharply, warning that a hasty deal would be a 'grave error' that would also undercut Trump's desire to be seen as a peacemaker. 'If you thought the optics of the Taliban parading American Humvees through Kabul looked bad, imagine the Russians driving a convoy of Abrams tanks through Kharkiv,' Froman More: Ukraine Proposes Russia Meeting, Kremlin Hedges on Putin-TrumpLast week, Trump announced a plan to get billions of dollars of US weapons to Kyiv, reversing an earlier pause in supplies, and gave Putin 50 days to agree to a ceasefire or face new sanctions — something allies have been urging for months.'President Trump wants to stop the killing, which is why he is selling American-made weapons to NATO members and threatening Putin with biting tariffs and sanctions if he does not agree to a ceasefire,' White House spokesperson Anna Kelly said. The challenge for Trump is that some of his most die-hard MAGA supporters, including ally Steve Bannon, argue exactly the opposite — that deeper US involvement will be Trump's undoing. 'If President Trump sells them offensive weapons that can strike deep inside of Russia, I don't see how you avoid it becoming Trump's war,' Bannon said in an interview. 'The media, the Ukrainians, the Russians and the Neocons would all say it's Trump's war.'