Trump Always Chickens Out: investors cook up ‘taco’ narrative for president’s U-turns

Markets have rebounded after Trump's numerous retreats - even if he has bitten back against chicken' label

Trump Always Chickens Out - or Taco for short. Investors like narratives to explain the financial world, and they appear to have seized on this one: whenever Donald Trump faces a market backlash, he will back down.

It would be fair to say the US president did not take kindly to the suggestion he was being a chicken" when asked by a reporter at the White House about the term that is gaining traction on Wall Street.