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When it comes to the war in Iran don't go betting on the TACO trade, says JPMorgan's Jacob Manoukian
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When it comes to the war in Iran don't go betting on the TACO trade, says JPMorgan's Jacob Manoukian

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"As a strategist, the risk case that we're worried about is that there's a lot of potential paths that this can take, that are out of the control of one party or another," Jake Manoukian tells Fortune in an exclusive interview.

The baseline that Trump will either retreat or reach a deal within a month, a sceptic might argue, echoes a trade now familiar to Wall Street under Trump 2.0: “TACO.” Rather, Trump Always Chickens Out. It’s a bet that has paid off a handful of times ... [3435 chars]

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Source: Fortune

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