Stocks Near Correction Territory as TACO Trade Strategy Faces Risk

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Published: 4 hours ago

U.S. stocks are approaching correction territory as the popular 'TACO trade' strategy faces potential failure amid Iran conflict escalation. The trade relies on Trump backing down from aggressive positions. USD could weaken if geopolitical tensions persist and risk-off sentiment dominates. Safe-haven currencies like JPY and CHF may strengthen as traders abandon risk assets and seek stability amid uncertainty.

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