美国市场梦回「四月风波」，惨遭「股债汇三杀」，华尔街抛售美国交易重燃，这次市场为何不相信TACO了？

Group 1 - The market is experiencing significant turmoil, with gold prices rising by 3%, U.S. Treasury yields soaring, and both U.S. stocks and the dollar facing declines [1] - The European Union is reacting to U.S. policies under Trump, with concerns about political stability in Germany and France, and potential military confrontations in Europe [1] - The U.S. is facing internal economic challenges, including supply chain disruptions and commodity price volatility, while external pressures from geopolitical tensions are increasing [1] Group 2 - Trump's response to potential Supreme Court rulings on tariffs includes exploring alternative methods such as licensing, indicating a shift in strategy [3] - The U.S. financial markets experienced a sharp decline, with the Dow Jones dropping over 900 points and significant losses in major indices, reflecting market anxiety over trade policies [3] - The TACO strategy, which previously capitalized on Trump's policy reversals, is failing as market participants grow weary of his unpredictable actions [5] Group 3 - The Federal Reserve's tightening policy has undermined the TACO strategy, as expectations for monetary easing have diminished, leading to concerns about inflation and economic growth [7] - The U.S. CPI is showing signs of persistent inflation, with core service prices remaining high, impacting consumer purchasing power [7] - The market is no longer anticipating a policy reversal, as the fundamental economic issues of inflation and weak recovery persist [8] Group 4 - There is a notable shift in investment patterns, with funds moving from technology sectors to defensive sectors, indicating a decrease in risk appetite among investors [9] - The bond market is reflecting long-term concerns, with rising yields indicating skepticism about inflation and fiscal sustainability [9] - The effectiveness of the TACO strategy is diminishing as market participants have fully priced in Trump's policy patterns, leading to increased uncertainty [11]