The ‘TACO’ trade is overdone, and investors should tread warily, according to a growing consensus on Wall Street - MarketWatch
1. S&P 500 has rebounded nearly 20% amid market adjustments to trade tensions. 2. Investor complacency noted; risks are not adequately priced in. 3. Economic surprises are losing momentum, indicating potential vulnerabilities. 4. Rising bond yields and inflation increase concerns about market sustainability. 5. U.S. households hold record equity share, which may limit further investment.