Harvard has an emblematic significance that makes it stick in Donald Trump’s craw. Its motto ‘veritas’ must irritate the hell out of him because truth is his enemy.”
~Laurence Tribe

Fascinating! On that site, the term has been active since 2020. The new TACO trade is not at all a derivative or twist on the previous one: shorting stocks based on Trump's known lack of a spine isn't like putting in a buy order before the market opens.

So I wonder who cleverly repurposed the TACO term to fit its entirely new meaning on the Street?

Exactly! And it's actually a repurposed term because a "TACO" trade indeed already existed:

Trade at Cash Open

Gavin Newsom didn't come up with that, it's raining tacos is a children's video series.

TACO trucks on every corner:

Cheeto Dusted Chicken Tacos — easily folded, orange, and crusty

Trump's been in the chicken business a long time:

Donald Trump's House of Wings

Now serving TACOs on days of the week that end in "y"...

Thanks for that explanation. I've not been following it closely, so misunderstood that the WSJ was involved.

Now, Fat Donny does admire Putin and Putin takes hostages. This guy is from DENMARK! Does anybody else think he'll try to swap him for Greenland?

Considering the drug stories coming out and Elon's strange behavior at that White House good bye meeting, I would put it to a fall from his current favorite concoction...

Well, maybe the Dems are dropping the ball, but I don't think it was the Wall Street Journal that came up with 'TACO', as I think your comment here suggests.

Rather, it was 'Wall Street' itself - the financial markets sector. Stock traders realized they could profit from a post-tariff-announcement stock market plunge by shorting stocks. Sure enough, the tariff announcement would be reversed following the plunge, stocks would go up again, and the short traders made out like bandits by not taking Trump's tariff announcements as seriously as everyone else on the Street did. And someone, somewhere, began calling such short trades 'TACO trades', mocking Trump's leadership, commitment, and intelligence.

And it soon went viral, because it's so true and so funny and it so ticks the president off in all the right ways.

https://youtu.be/npjF032TDDQ?feature=shared

"Who are you? You are the educated. You are the compassionate. You are the fierce defenders of democracy, the seekers of truth, the vanguards against ignorance. You are millions strong across our land.

"You might be sorry that you were picked by history for this role. But maybe that was the plan. Hard times are going to make you better and stronger. In a few minutes, when that diploma hits your hand, it's not a piece of paper you're holding. We're handing you a baton. Run with it."

Thanks for this.

It sure beats learning that Wall Street and foreign investors now discount American (i.e. President Trump's) fiscal and foreign policy with phrases like TACO (Trump is a total wuss) and "Moron premium" (Trump is a moron, comparable to corrupt rulers of failed states for which this term was originally coined).

Gah.