As Trump's sweeping tax-cut and spending bill marches forward, analysts examine how his broad-ranging policies could turn the fortunes of US companies.

Wall Street loves a catchy acronym, and the “TACO trade” has captured the mood, as investors and analysts attempt to make sense of the roller-coaster market action that has followed President Donald Trump’s sweeping tariff threats and subsequent walk-backs.

White House officials maintain bankers’ concerns are overstated and discount expected revenues from the president’s tariffs.