Trump's 'TACO' Play? Futures Jump After Surprise 10-Day Pause Amid Market Turmoil

• US markets saw sharp declines, with Nasdaq tumbling over 2% and S&P 500/Dow falling over 1% due to US-Israeli war fears and soaring oil prices.
• Minutes after market close, Trump announced a 10-day pause on strikes on Iranian energy facilities, causing futures to rebound instantly.
• Trump claimed the pause was at Iran's request, but Iran denied this, adding to geopolitical uncertainty.
• The event revives the 'TACO' pattern: tough policy rhetoric followed by a pullback when markets react negatively.
• Analysts suggest current energy shocks are more damaging than previous tariff disruptions, impacting inflation and corporate margins.