Marc Chandler says 'taco' delivered in market action

8 articles · Updated · MarketWatch · May 6

The Bannockburn Capital Markets chief strategist said one overarching fundamental development on Wednesday was fuelling risk-on trading and weakening the dollar.
He framed the move with the acronym for "Trump always chickens out", a theory tied to markets reacting when the president retreats from bold threats.
The latest report offers no further specifics on the catalyst, but presents the shift as broad-based across capital markets with the dollar under pressure.

Is the dollar's recent slide the start of a structural decline or just a temporary phase in its global dominance?

How does the 'arsonist and firefighter' market dynamic impact the global financial system's long-term stability?