Explained: What is the new ‘NACHO’ trade, and how is it different from ‘TACO’
- Posted on May 8, 2026
- By Business News Today
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- 1 min read
Explained: What is the new ‘NACHO’ trade, and how is it different from ‘TACO’
Wall Street is now using the 'NACHO' acronym, meaning 'Not A Chance Hormuz Opens,' as the Strait of Hormuz remains closed, impacting oil prices and market sentiment. This follows the 'TACO' acronym ('Trump Always Chickens Out') which emerged amid previous US-Iran tensions. Despite ongoing conflict in the Middle East disrupting shipments, White House spokesperson Kush Desai dismissed the 'NACHO' narrative.
