A债如何适应TACO？

Group 1 - The TACO trading model reflects a dual strategy in US trade negotiations, characterized by public threats and private institutional measures, which have shown limited effectiveness in negotiations with China [3][9][10] - The recent tariff risks have had a muted impact on the market compared to previous instances, indicating that the capital market has adapted to the TACO trading dynamics [11][14] - The resilience of the market is attributed to macroeconomic signals from US officials and strategic partnerships in the tech sector, which have helped stabilize investor sentiment [13][14] Group 2 - The ongoing trade tensions highlight key points of contention, including China's concerns over fentanyl tariffs and the expansion of the entity list, while the US focuses on China's rare earth export controls and agricultural trade [16][17] - Upcoming events, such as the APEC summit and potential tariff escalations, are critical for market sentiment and investment strategies [18] - The long-term impacts of tariffs on the US and Chinese economies remain uncertain, with a focus on the potential for multiple negotiation pathways rather than a singular resolution [18] Group 3 - The domestic bond market is indirectly influenced by TACO trading, with the current US Treasury yields remaining stable within a wide range since September [19][27] - Recent market behavior shows a divergence in bond performance, with a shift in buying power from funds to brokerages, indicating a change in market dynamics [23][24] - The bond market's future is shaped by internal factors, including asset reallocation and the evolving narrative between traditional and new economy sectors [31]