Trump may 'bear down' to fight 'TACO' trade, strategist worries
Investors who have been buying the dip have seen gains in 2025, with the strategy seeing the highest return in more than 30 years. Some are calling the recent dip-buying activity the "Trump always chickens out" — or "TACO" — trade, referring to buying dips fueled by news of Trump's policy changes, then selling the rebound when the president backs off. When asked about the "TACO" trade, Trump denied that he is "chickening out," calling it "negotiation." Kayne Anderson Rudnick's chief market strategist and portfolio manager, Julie Biel, tells Catalysts host Madison Mills that she is "worried" that Trump may "bear down" on tariffs and fuel further uncertainty. To watch more expert insights and analysis on the latest market action, check out more Catalysts here.