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Game Of Chicken (The Trump Collar Explained)
Legendary fast food connoisseur Donald Trump doesn't like the "TACO"s.
A fixture of Trump's tariff
The lower bound of the collar may now be at the April low or lower. Trump assumes the market survived that level once, and it can do so again, especially if it means he proves he’s not a chicken.
Saturday Night Live has SO much material to choose from. My Korean friend told me Korean utubers are lighting up w/ TACO talk.
This is the funniest and most pathetic moment I’ve seen in markets. ?
So Charlie wrote this several weeks ago eh? Lots of news since then. Reason I write this for today is day 102 of trading this year. Perhaps we was just off on his counting, but I get the idea. Thanks for writing as always.
P-
Trump wasn’t president for the first 21 (calendar) days of this year.
You are correct, my error. Thanks for pointing that out.
P-
Peter, Charlie wrote this Friday. I wouldn’t be sitting here regaling readers with quotes from something that was published three weeks ago. He’s talking about days since Trump’s been in office. Trump couldn’t take any tariff actions until he was president.
Also, I mean just look at the table. It includes things that happened just a few days ago.
Thank you, my error Walt. Appreciate it.
Peter
“Tough on China”????
‘Well I was tough on China but then I felt bad and gave them a break.’ Somehow that doesn’t solve the problem of Trump being a chicken. He’s just a chicken of a different sort in that context.
This is next level. Nice work. Using a children’s book for allegorical satire as an overlay for discussing a cross asset macro vol note that is itself a masterpiece reframing the narrative using an overlay wrapper to explain the market overlaying the behavioral overlay of Agent Taco. So spicy. As is the American way to overconsume, the ensuing indigestion will also likely be a spectacle. Market makers puking out delta hedges after the brotastic bender induced late night Taco Bell run. A metamorphosis of the zeitgeist into a Chicken Little memetic feels apropos. Here’s to hoping the plebs don’t get eaten.