Wall Street is betting Trump backs down on Iran — but what if the ‘TACO’ trade fails this time? Oil prices and interest rates are rising, but there’s a worry that because the stock market hasn’t fallen out of bed, Trump will be less willing to push for peace Is there still hope for a “TACO”? , iStockphoto Oil prices are hovering above $100 a barrel. The House has voted three timesto end U.S. involvement in Iran.
And investors who spent almost the entire spring buying every dip on the assumption that President Donald Trump would start talking peace again are finally starting to ask the uncomfortable question: What if this time he doesn’t? A Wall Street indicator designed to flag potential U.S.-Iran de-escalation was flashing for the first time in months. It was built on the idea by Signum Global that Trump may back off from strikes against Tehran or resume cease-fire talks when oil prices pop and stocks come under pressure.
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