Wall Street loves a catchy acronym, and the “TACO trade” has captured the mood, as investors and analysts attempt to make sense of the roller-coaster market action that has followed President Donald Trump’s sweeping tariff threats and subsequent walk-backs.

The acronym, TACO, stands for “Trump Always Chickens Out” and was reportedly coined by a Financial Times columnist, according to The New York Times.

There’s a new trade on Wall Street: the “TACO trade,” standing for “Trump Always Chickens Out.” The term was coined by Robert Armstrong, a writer for the Financial Times, and is intended to capture how markets have fallen on Trump’s vow to impose steep tariffs on imports to the United States and then jump