Unhedged Taco FTW
101 snips
Jan 22, 2026 
John Foley, the Lex editor at the Financial Times and a savvy market commentator, joins the discussion. They dissect how Trump's backtracking on Greenland delighted markets and explore if accommodating his antics benefits corporations. Foley and Robert Armstrong delve into the 'Taco market cycle,' demonstrating its quirky rhythm of escalation and retreat. They also debate the realistic prospects of divesting from US markets and contemplate whether Trump is losing his influence or sanity. Plus, a cheeky call to short Grønlandsbanken adds a fun twist!
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The 'Taco' Cycle Explains Market Volatility
- Markets punish perceived presidential follow-through and then rebound when threats are walked back.
- Robert Armstrong and John Foley call this pattern the 'taco' cycle that drives volatile market swings.
Be Polite but Firm With Political Pressure
- Companies should be polite but firm and avoid ingratiating themselves to volatile politicians.
- John Foley argues that sucking up to Trump delivers little durable benefit and may backfire.
Jamie Dimon Didn't Pay A Market Price
- Jamie Dimon publicly opposed Trump's proposed cap on credit card fees and faced no lasting market penalty for doing so.
- Armstrong notes JPMorgan shares remained up despite Trump's threats and a dropped lawsuit.