Crypto
Iran parliament speaker says trusting Trump comments leads to ruin, TACO trade no longer works
Iranian parliament speaker Mohammad Bagher Ghalibaf said investors should treat U.S. President Donald Trump’s advance policy remarks as signals for taking profits and, in energy markets, consider taking the opposite position. His comments draw attention as Wall Street’s so-called “TACO” trade wobbles amid rising tension with Iran and heightened uncertainty. GDPNow lowered its U.S. first-quarter growth outlook, while rates expectations retreated and 10-year Treasury yields rose above 4.4 percent.
