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CITIC Securities: Trump 'Sings White Face,' Mnuchin 'Sings Red Face'
Summary: According to Jinshi data, CITIC Securities research report stated that on July 14th local time, US President Trump's interview remarks shook the market, while US Treasury Secretary Mnuchin's interview calmed the market. The report believes that Trump's 'white face' disturbance of the market + Mnuchin's 'red face' calming of the market is a 'TACO trading' ...
According to Jinshi data, CITIC Securities research report stated that on July 14th local time, US President Trump's interview remarks shook the market, while US Treasury Secretary Mnuchin's interview calmed the market. The report believes that Trump's 'white face' disturbance of the market + Mnuchin's 'red face' calming of the market is a 'TACO trading' strategy in the news-driven market dominated by Trump. Mnuchin plays the role of a market mouthpiece for the Trump administration, providing positive statements and actions to counter Trump's negative impact on the market. When faced with unexpected 'bad news' from 'white face' Trump, attention should be paid to Mnuchin's 'red face' perspective on the events, as his statements may be the trigger for 'TACO trading'.
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Link: CITIC Securities: Trump 'Sings White Face,' Mnuchin 'Sings Red Face' [Copy]
