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The New Trade in Town: TACO


The TACO trade and the philosophy behind it are making waves across the financial world after a journalist asked President Donald Trump if he knew what it meant. First described by Financial Times journalist Robert Armstrong, TACO stands for “Trump Always Chickens Out,” meaning that...

Big Short’s Michael Burry Bets on Lipstick to Combat Recession


Michael Burry, known for predicting the subprime mortgage crisis in 2008, sold a major portion of his holdings during Q1 to focus on a single cosmetics stock: Estée Lauder. Analysts believe Burry expects a recession, based on the notion that makeup purchases tend to increase during economic...

Wisconsin Investment Board sold off its Bitcoin ETF stash


The State of Wisconsin Investment Board (SWIB), which oversees the state’s retirement funds, unloaded its shares in BlackRock’s iShares Bitcoin Trust ETF (IBIT) during the first quarter, filings show.The Wisconsin Investment Board reported no spot Bitcoin ETF positions in its 13F filing...

Thailand to Issue $150M in New Digital Investment Tokens


Thailand’s Ministry of Finance will issue $150 million (5 billion baht) worth of new digital investment tokens, called G-Tokens, within two months. These tokens will allow retail investors to invest in government bonds for as little as $3, offering potentially higher returns than bank...

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