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Bloomberg MarketsGold Steadies as Traders Weigh Fragile Ceasefire in Iran WarBloomberg MarketsUS Futures Waver as Iran Says Ceasefire Violated: Markets WrapBloomberg MarketsUBS-Led Group Funds Echo Global Debt as Investor Talks PauseBloomberg MarketsOil Rises After Biggest Drop Since 2020 as Hormuz Stays BlockedBloomberg MarketsLevi Strauss Seeing Momentum Across the Board, CEO Gass SaysBloomberg MarketsPop Culture Mentions, Direct-to-Consumer Strategy Drives Levi's EarningsBloomberg MarketsEconomy is 'Very Resilient' Despite Geopolitical Risks, Says LuzzettiBloomberg MarketsColombia Downgraded by S&P Ratings Amid Growing Fiscal ConcernsBloomberg MarketsColdwell's Waugh: Uncertainty Driving Housing MarketEconbrowserPrediction Markets on Trump Credibility Re: Reopening the StraitBloomberg MarketsNovo-Backed Respiratory Drugmaker Avalyn Pharma Files for US IPOBloomberg MarketsAritzia Shares Soar Most in Nearly a Year on Strong Spring Collection SalesBloomberg MarketsStocks Rally, Oil Falls on Iran Truce | Closing BellBloomberg MarketsBTG Deal to Buy Digimais Said to Get Insurance Fund SupportBloomberg MarketsTradeweb CEO: Opportunities Around Predictive MarketsBloomberg MarketsGold Steadies as Traders Weigh Fragile Ceasefire in Iran WarBloomberg MarketsUS Futures Waver as Iran Says Ceasefire Violated: Markets WrapBloomberg MarketsUBS-Led Group Funds Echo Global Debt as Investor Talks PauseBloomberg MarketsOil Rises After Biggest Drop Since 2020 as Hormuz Stays BlockedBloomberg MarketsLevi Strauss Seeing Momentum Across the Board, CEO Gass SaysBloomberg MarketsPop Culture Mentions, Direct-to-Consumer Strategy Drives Levi's EarningsBloomberg MarketsEconomy is 'Very Resilient' Despite Geopolitical Risks, Says LuzzettiBloomberg MarketsColombia Downgraded by S&P Ratings Amid Growing Fiscal ConcernsBloomberg MarketsColdwell's Waugh: Uncertainty Driving Housing MarketEconbrowserPrediction Markets on Trump Credibility Re: Reopening the StraitBloomberg MarketsNovo-Backed Respiratory Drugmaker Avalyn Pharma Files for US IPOBloomberg MarketsAritzia Shares Soar Most in Nearly a Year on Strong Spring Collection SalesBloomberg MarketsStocks Rally, Oil Falls on Iran Truce | Closing BellBloomberg MarketsBTG Deal to Buy Digimais Said to Get Insurance Fund SupportBloomberg MarketsTradeweb CEO: Opportunities Around Predictive Markets
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MarketWatch Top Storiesmarkets

How the ‘TACO’ trade went from a light-hearted Wall Street joke to a serious moneymaker

MarketWatch Top Stories
Wednesday, April 8, 2026 at 9:15 PM
~4 min read
Trade

Original Report

Since the start of President Trump’s second term, nine of the 10 top days for the S&P 500 have been spurred by de-escalation either involving tariffs or Iran.

Glass House Analysis

International economic policy has concrete impacts far beyond diplomatic circles. Tariffs show up in the price of goods at stores, supply chain disruptions affect whether products are on shelves, and trade tensions can mean job losses in export-dependent industries. The globalized economy means that decisions made abroad can affect workers and consumers domestically.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

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Economic Context

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