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Charles Schwab Launches TACO Fund

New ETF Tracks the Presidential Capitulation Index, Gives Retail Investors Exposure to Ultimatums and Backdowns, Trades at 15-Minute Disadvantage to Insiders

Mar 30, 2026
∙ Paid

By Justin Time, Insider Trading Correspondent

New York and the Strait of Hormuz — Charles Schwab launched a Trump Always Chickens Out exchange-traded fund (ETF) Friday (Ticker: TACO) to give ordinary Americans exposure to the now-reliable pattern of presidential threats, walkbacks, and victory declarations.

Donors of $250,000 or more to the East Wing or Trump-Kennedy Center can purchase TACO Institutional class shares (TACO-I) that trade 15 minutes before retail investors and 48-hours before the ultimatum is extended.

The fund’s launch follows a period of “strong demonstrated alpha,” including oil futures that surged fifteen minutes before Trump’s most recent “final extension,” six accounts that made $1.2 million each on attack timing, and a $400,000 Polymarket position on Maduro’s capture placed before the White House announced it.

According to the prospectus, TACO relies on “sophisticated modeling”:

  • Buy the dip on a Trump ultimatum,

  • Hold when he extends it, and

  • Sell the pop when Trump rebr…

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