Miner Company
Forget TACO: Wall Street bets on ‘NACHO' as Hormuz peace hopes vanish
Wall Street traders are embracing a new market catchphrase as investors increasingly lose confidence that tensions in the Strait of Hormuz will ease in the near future. The latest acronym making the rounds on trading desks is “NACHO” — short for “Not A Chance Hormuz Opens” — a term that reflects growing doubts that repeated statements by US President Donald Trump about reopening the critical shipping corridor will translate into a durable peace agreement.
Wall Street traders are embracing a new market catchphrase as investors increasingly lose confidence that tensions in the Strait of Hormuz will ease in the near future. The latest acronym making the rounds on trading desks is “NACHO” — short for “Not A Chance Hormuz Opens” — a term that reflects growing doubts that repeated statements by US President Donald Trump about reopening the critical shipping corridor will translate into a durable peace agreement.