00:00 Speaker A
And and to your point on uncertainty versus certainty, we have the new Taco trade headlines coming in, the idea that Trump always chickens out when it comes to tariffs. How much faith should investors have in that idea driving their investments?
00:18 Speaker B
Well, it's concerning, right? Because unfortunately we told him, we told Donald Trump that that we have this Taco trade, and so I worry a little bit that that actually makes him bear down a little bit more and decide to be more, you know, more, uh, gripping on some of these tariff trades. And so I have a little bit of a concern that that creates actually more uncertainty. But, you know, for the most part, that's worked quite well for a lot of investors. They've been able to take advantage of that. And I think that that actually connects to a lot of, you know, former trades where it was, you know, buying the dip. A lot of people don't want to be caught out on these big moves upwards. And so I think you'll continue to see volatility around that, because there's so much still uncertainty. And the thing is is that the policy changes, they change so quickly and they change immediately, right? They take, they take effect almost immediately. So we continue to kind of see the level of uncertainty as being an overhang for probably the rest of the year at least.
