On April 9th, when tensions between the US and Iran temporarily eased, Wall Street began forming a trading logic centered around Trump's policy style — called 'TACO Trading' (Trump Always Surrenders). The market generally believes that Trump's tough statements in geopolitics often end in compromise, viewing escalations as signals to buy. Data shows that the market had already taken positions in risk assets before Trump announced a halt to military actions against Iran. The S&P 500 index posted its first weekly increase in six weeks, and the risk premium in the options market remained low, indicating limited investor reaction to extreme scenarios. Institutional views suggest that the current market is repeating the cycle of 'conflict escalation — emotional pressure — cooling off — asset recovery.' Some analysts point out that systemic investors are in 'one of the most profitable environments in history.' However, there are also warnings that such a high level of consensus could weaken the market's constraints on policy. If the market no longer reacts negatively to aggressive rhetoric, it could encourage riskier political actions, increasing potential tail risks.