War on Iran is one 'Taco' too farThe "Trump always chickens out" (Taco) investment strategy -- buying beaten-down stocks on the assumption that the US president will ultimately back down from his more extreme policies -- has, for the most part, been a profitable one. But the Iran war may change that. So far, US equities have been remarkably calm, likely, in part, on the assumption that Mr Trump will pull back if necessary. To varying degrees, markets wobbled in response to each of these episodes, forcing Mr Trump to tone down the rhetoric. Investors may now start asking whether this crisis is one Mr Trump can't relieve, even if he does "chicken out."

Source: Bangkok Post March 13, 2026 22:47 UTC