Latest news with #McElligott
Yahoo
03-07-2025
- Business
- Yahoo
Why are people calling Trump TACO, what is the Trump Collar? Here's what it all means
President Donald Trump's trade war tactics have earned him a new nickname "TACO". The new acronym is gaining popularity among Wall Street investors, much to the president's disdain. Here's what to know about "TACO," tariff negotiations and the "Trump Collar." The term TACO, which stands for "Trump Always Chickens Out.' First coined by Financial Times commentator Robert Armstrong to describe what he says is Trump's pattern of announcing heavy tariffs on countries causing economic shock, panic and stock market hits and then later reversing course with pauses or reductions that create a market rebound. When asked about TACO on Wednesday by a reporter, Trump responded, 'I chicken out? Oh, I've never heard that. You mean because I reduced China from 145% that I set down to 100... and then to another number?' He went on to defend his decisions to slash his tariffs on China for the next 90 days and extend his deadline for a 50% tariff on goods from the European Union until July 9. Trump said "because I gave the European Union a 50% tax tariff, and they called up and they said 'please lets meet right now, please let's meet right now,' and I said OK, I'll give you until July." He then clarified that they weren't willing to meet initially, "And after I did what I did, they said, 'we'll meet anytime you want.' You call that chickening out?" "Six months ago, this country was stone cold dead. We had a dead country. We had a country that people didn't think it was going to survive," Trump said. "And you ask a nasty question like that. It's called negotiation." "Don't ever say what you said because that's a nasty question," Trump said. After the reporter's TACO question and Trump's heated response, taco and chicken related memes went viral, including an old Cinco de Mayo tweet by the President himself. As "TACO" Trump gained popularity, Nomura's strategist Charlie McElligott came up with "Trump Collar" in the same vein. In finance, a collar is a risk management strategy for stock owners that protects from big losses but also limits gains — creating a range within which the stock's price can fluctuate without significant profit or loss. McElligott likened the collar term to how the stock market reacts to Trump. It may want to go up, but Trump's random social media posts and trade-tariff remarks can make the market nervous and therefor volatile. 'You all know 'Art of the Deal' Trump … and over the past month+, the 'TACO'-kind … but what it all adds up to now is the de facto 'Trump Collar,' as the market retrains the reaction function in the 'Human VVIX' era,' said McElligott according to MarketWatch. This article originally appeared on Why is Trump called TACO and what does Trump collar mean? What we know Sign in to access your portfolio
Irish Examiner
03-07-2025
- Business
- Irish Examiner
Dublin engineering firm acquired by German group
German engineering firm Dussmann has announced it will acquire Dublin-based Lynskey Engineering for an undisclosed sum. Dussmann is a multi-service provider of solutions across various fields, including integrated facility management, food services, and technical plant and systems engineering. It is the largest division of the Dussmann Group, an international company that has 70,000 employees in 21 countries. The group generated annual sales of about €3.3bn last year. The acquisition is subject to approval by the Irish antitrust authorities and is expected to be completed over the coming months. Lynskey, which was established in 1964, is a specialist mechanical engineering services provider, which has operations across Ireland, the UK, and mainland Europe. It has a wide range of blue chip clients in the commercial, data centre, healthcare, retail and energy sectors. During its latest financial year, it had a reported turnover of about €60m. The existing employees of Lynskey will be unaffected by the transaction. The senior management team of Lynskey, including its managing director Sean McElligott, will remain in their existing roles after the acquisition goes through. Mr McElligott said this deal was an 'excellent opportunity for both our clients and employees'. 'Our clients will continue to enjoy the same level of superior service provided by our team, delivering complex technical mechanical projects within time and on budget, and post-acquisition will also benefit from the increased scale and service capability we can offer as part of the group,' he said. Dussmann Technical Solutions division was established in May 2019 and has already made a number of other acquisitions, including the STS Group, which is based in Waterford. The company said the acquisition of Lynskey adds to the existing portfolio 'in-house capabilities and brings for the first time the ability to self-perform specialist mechanical services'. Dussmann Group chief executive Wolf-Dieter Adlhoch said the goal with the acquisitions was to 'establish and expand our range of engineering services for clients with complex technical demands and mission critical systems in the industrial, energy and data centre sectors.' Read More Cork-headquartered Adapt IT acquired by Ekco
Yahoo
03-06-2025
- Business
- Yahoo
After the TACO trade, here comes the ‘Trump collar.' What that means for stocks.
Early action on Monday shows Wall Street starting the week on the back foot, as trade-war concerns once again dominate the narrative. This may come as no surprise to Charlie McElligott, strategist at Nomura. What on Earth is going on with the American consumer? My daughter's boyfriend, a guest in my home, offered to powerwash part of my house — then demanded money I help my elderly mother every day and drive her to appointments. Can I recoup my costs from her estate? My father-in-law has dementia and is moving in with us. Can we invoice him for a caregiver? 'I'm not wildly wealthy, but I've done well': I'm 79 and have $3 million in assets. Should I set up 529 plans for my grandkids? Known for his colorful stream-of-consciousness notes examining derivatives, McElligott taps the ever-expanding lexicon of Trump trades to tout the 'Trump collar' as a way to explain the latest market moves. A collar, in option markets, is a strategy used to protect against significant losses, but which also limits potential profits. Collars tend to be used when a trader is generally optimistic about an asset owned for the long term, but there's concern about short-term volatility in the market. The trade is struck by buying an out-of-the money put option (the right to sell a security at a particular strike price within a given time period) and selling an out-of-the-money call option (the right to buy a security at a particular strike price within the same time period). 'Out of the money' refers to when a call-option strike price is above the current asset price and when a put-option strike price is below the asset price. McElligott argues that investors should think in terms of a collar when they consider a market that is kept in a range by U.S. President Donald Trump's tariff rhetoric — a market that seems to want to trundle higher, but which is regularly knocked back by Truth Social posts. 'You all know 'Art of the Deal' Trump … and over the past month+, the 'TACO'-kind … but what it all adds up to now is the de facto 'Trump Collar,' as the market retrains the reaction function in the 'Human VVIX' era,' says McElligott in an email missive sent Friday. Readers will by now be familiar with the TACO trade. The VVIX is a gauge that measures the volatility of the Cboe volatility index 'VIX' VIX, and McElligott is clearly laying the cause of market vacillations at the feet of Trump. He presents the table below to illustrate just how much Trump — the 'Status Quo Disruptor in Chief,' as he calls the Republican president — has been impacting markets. McElligott says that, late last week, when the S&P 500 SPX sat only a few percentage points shy of February's record high, the stock market was in the upper band of its range trade because investors have come to terms with what the analyst calls Trump-collar 'reflexivity.' By this he means that traders are aware that a falling market, in response to harsh Trump trade talk, will subsequently be lifted by Trump's delivery of more soothing trade comments. But 'Trump then becomes re-emboldened' and talks tough again, causing investors to sell call options to hedge against declines. We see this happening when the S&P 500 moves back toward the 6,000 level, according to McElligott. Then in response to the 'Human VVIX' downside scenario — as Trump again talks tough — the volatility of volatility re-expands, and U.S. dollar assets trade lower again in unstable fashion. That once again 'restrikes the Trump Put, as his 'pain threshold' is hit in financial markets' and they rally back 'off the precipice,' he said. 'Rinse, repeat,' says McElligott. He says that, if a trader had bought S&P 500 futures five days after Trump delivered some of his fiery tariff rhetoric — the market had fallen in response — and sold S&P 500 futures five days after Trump pulled back from that earlier position — the market had then rallied — the trade would have resulted in a 12% return. U.S. stock-indices SPX DJIA COMP are lower at the opening bell as benchmark Treasury yields BX:TMUBMUSD10Y rise. The dollar index DXY is lower, and gold GC00 is trading around $3.355 an ounce. Oil prices CL.1 are sharply higher despite OPEC+ announcing another sharp production hike. Key asset performance Last 5d 1m YTD 1y S&P 500 5911.69 1.88% 3.96% 0.51% 12.02% Nasdaq Composite 19,113.77 2.01% 6.32% -1.02% 14.21% 10-year Treasury 4.447 -7.10 9.80 -12.90 5.20 Gold 3375 0.52% 0.94% 27.87% 42.33% Oil 62.84 2.15% 9.80% -12.56% -15.09% Data: MarketWatch. Treasury yields change expressed in basis points Need to Know starts early and is updated until the opening bell, but to get it delivered once to your email box. The emailed version will be sent out at about 7:30 a.m. Eastern. U.S. economic data due on Monday include the S&P final U.S. manufacturing PMI for May at 9:45 a.m. Eastern, followed at 10 a.m. by the ISM manufacturing survey for May. China has vowed to fight back over what it called 'discriminatory restrictive measures' by the U.S. that it said are endangering an agreement hammered out between the two countries last month. Shares of Cleveland-Cliffs CLF, Nucor NUE and Steel Dynamics STLD are surging after Donald Trump said he was slapping 50% tariffs on steel imports. The Federal Reserve will likely be able to lower interest rates this year, and recent data support this outlook, Fed governor Christopher Waller said. Fed Chair Jerome Powell will make some opening remarks at 1 p.m. Ahead of him, Dallas Fed President Lorie Logan speaks at 10:15 a.m., and Chicago Fed President Austan Goolsbee speaks at 12:45 p.m. The law firms that appeased Trump — and angered their clients. 'You are going to panic,' Jamie Dimon tells regulators about what will happen when the bond market cracks. Why are bond investors contrarian while equity investors extrapolate? There's a lot of chatter about how rising Treasury yields may be damping demand for stocks. But as Goldman Sachs shows, it's not so much the height of yields that's the problem, but more the speed at which they rise. Read: Here's why Goldman still sees 10% upside to the S&P 500, even with bond yields rising Here were the most active stock-market ticker symbols on MarketWatch as of 6 a.m. Eastern. Ticker Security name NVDA Nvidia TSLA Tesla GME GameStop PLTR Palantir Technologies BMGL Basel Medical AAPL Apple MLGO MicroAlgo AMC AMC Entertainment TSM Taiwan Semiconductor Manufacturing NIO NIO A big legal splash at Walt Disney World. Millions of honeybees abuzz after truck overturns in Washington state. Anthropic's new AI model didn't just 'blackmail' researchers in tests — it tried to leak information to news outlets. For more market updates plus actionable trade ideas for stocks, options and crypto, .'The situation is extreme': I'm 65 and leaving my estate to only one grandchild. Can the others contest my will? 'You never know what might happen': How do I make sure my son-in-law doesn't get his hands on my daughter's inheritance? 10 nuclear stocks expected to rise as much as 94% after Meta-Constellation deal Strategists forecast a sizzling summer for small-cap stocks 'I am getting very frustrated': My mother's adviser has not returned my calls. He manages $1 million. Is this normal? Sign in to access your portfolio
Time of India
03-06-2025
- Business
- Time of India
First TACO, now Trump Collar: Shocking new nickname of the President making waves in U.S — who coined it and why it matters
A new nickname for Donald Trump is trending on Wall Street, it's called the 'Trump Collar'. This term comes after another nickname 'TACO', short for 'Trump Always Chickens Out', became popular earlier. The person who came up with 'Trump Collar' is Charlie McElligott , a strategist at Nomura, as per reports. McElligott is known for using colorful, creative language in his financial analysis. A 'collar' in finance is a strategy that protects from big losses but also limits gains. Traders usually use this strategy when they believe something will do well in the long term but are worried about short-term risks, as per MarketWatch report. McElligott says this idea fits with how the stock market reacts to Trump; it wants to go up, but gets shaken by Trump's random social media posts, especially on Truth Social. Basically, the 'Trump Collar' describes how Trump's actions and posts make the market nervous, even if the overall economy looks okay. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0.00% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dermatologista recomenda: simples truque elimina o fungo facilmente Acabe com o Fungo Undo In an email, McElligott said, 'You all know 'Art of the Deal' Trump and over the past month plus, the 'TACO'-kind but what it all adds up to now is the de facto ' Trump Collar '', as per MarketWatch report. He also called Trump the 'Status Quo Disruptor in Chief', meaning he's really good at shaking things up and making Wall Street unstable. The phrase 'Human VVIX era' McElligott used refers to how Trump's unpredictability is like a person causing market volatility , as stated in the reports. Live Events FAQs Q1. What is the "Trump Collar"? It's a new nickname showing how Trump's actions make markets shaky. Q2. Who made up the term "Trump Collar"? Charlie McElligott, a strategist at Nomura, coined it.
Yahoo
03-06-2025
- Business
- Yahoo
Tired of ‘TACO?' Here comes the ‘Trump collar'
With Wall Street starting a new week on its back foot, one financial analyst, known for his colorful language, has come up with a new way to describe what's ailing investors. Just when you were tired of 'TACO,' or 'Trump Always Chickens Out,' say hello to the 'Trump Collar.' That comes courtesy of Charlie McElligott, a strategist at Nomura, according to MarketWatch. For those of you who aren't fluent in WallStreetese, a collar, in the option markets, is a strategy that protects against big losses, but also limits profits, according to MarketWatch. Traders tend to use them when they're optimistic about an asset over the long haul, but are sweating short-term volatility in the market, according to MarketWatch. According to MarketWatch, McElligott has argued that investors should think about collars when they think about a market that's been smacked around by Trump's tariff rhetoric. In other words, one that wants to move higher, but gets knocked back by incendiary Truth Social posts, MarketWatch reported. 'You all know 'Art of the Deal' Trump … and over the past month+, the 'TACO'-kind … but what it all adds up to now is the de facto 'Trump Collar,' as the market retrains the reaction function in the 'Human VVIX' era,' McElligott said in an email last week. McElligott has referred to Trump as the 'Status Quo Disruptor in Chief' because of his ability to send Wall Street tumbling, MarketWatch reported. Worcester activist critical of city manager faces one-year city hall ban Residential retrofitting program turns on high-speed internet for Bay Meadow Apts. in Springfield A Pennsylvania Democrat and Republican come to Boston. Bipartisanship breaks out GOP Mass. governor hopeful Brian Shortsleeve touts 'record' $416K fundraising haul Bill Clinton raises alarm over Donald Trump: 'We've never seen anything like this before' Read the original article on MassLive. Sign in to access your portfolio
