{"id":62230,"date":"2026-04-30T08:55:13","date_gmt":"2026-04-30T12:55:13","guid":{"rendered":"https:\/\/stateofthenation.info\/?p=62230"},"modified":"2026-04-30T08:56:48","modified_gmt":"2026-04-30T12:56:48","slug":"move-over-taco-nacho-is-the-new-word-to-mock-trump-on-wall-street-heres-what-it-means","status":"publish","type":"post","link":"https:\/\/stateofthenation.info\/?p=62230","title":{"rendered":"<h3><b>Move Over, TACO: NACHO Is the New Word to Mock Trump on Wall Street \u2014 Here\u2019s What It Means<\/b><\/h3>"},"content":{"rendered":"<p><!--more-->David Gilmour<br \/>\nMEDIAITE<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-5722084\" src=\"https:\/\/am13.mediaite.com\/med\/cnt\/uploads\/2026\/04\/Untitled-design-2026-04-29T144135-573-1200x675.jpg\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" srcset=\"https:\/\/am14.mediaite.com\/med\/cnt\/uploads\/2026\/04\/Untitled-design-2026-04-29T144135-573-1200x675.jpg 1200w, https:\/\/am14.mediaite.com\/med\/cnt\/uploads\/2026\/04\/Untitled-design-2026-04-29T144135-573-300x169.jpg 300w, https:\/\/am14.mediaite.com\/med\/cnt\/uploads\/2026\/04\/Untitled-design-2026-04-29T144135-573-768x432.jpg 768w, https:\/\/am14.mediaite.com\/med\/cnt\/uploads\/2026\/04\/Untitled-design-2026-04-29T144135-573-288x162.jpg 288w, https:\/\/am14.mediaite.com\/med\/cnt\/uploads\/2026\/04\/Untitled-design-2026-04-29T144135-573-432x243.jpg 432w, https:\/\/am14.mediaite.com\/med\/cnt\/uploads\/2026\/04\/Untitled-design-2026-04-29T144135-573.jpg 1280w\" alt=\"\" width=\"1200\" height=\"675\" aria-describedby=\"caption-attachment-5722084\" \/><\/p>\n<p>Wall Street traders have cooked up a new food-themed acronym for President\u00a0<strong>Donald Trump\u2019s<\/strong>\u00a0Iran war deadlock \u2013 \u201cNACHO\u201d \u2013 as the Strait of Hormuz disruption drags on and keeps oil markets on edge.<\/p>\n<p>The label has reportedly emerged in trading circles where skepticism of the president\u2019s ability to reopen the strait, a key global energy trade route, is now such a trend that it merits its own code name.<\/p>\n<p>Bloomberg columnist\u00a0<strong>Javier Blas<\/strong>\u00a0revealed \u201cNACHO\u201d on Wednesday, citing a trader who told him the acronym stands for: \u201cNot A Chance Hormuz Opens.\u201d<\/p>\n<div id=\"c3f6b0b42e4fc217678bdd8ae2f36efb\" class=\"embed_container\">\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-0\" class=\"\" title=\"X Post\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?creatorScreenName=mediaite&amp;dnt=true&amp;embedId=twitter-widget-0&amp;features=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%3D%3D&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=2049391155431825685&amp;lang=en&amp;origin=https%3A%2F%2Fwww.mediaite.com%2Fmedia%2Fnews%2Fmove-over-taco-nacho-is-the-new-word-to-mock-trump-on-wall-street-heres-what-it-means%2F&amp;sessionId=c6e1f312435e5112e5313547ffedc18eaf3fc2ef&amp;siteScreenName=mediaite&amp;theme=light&amp;widgetsVersion=2615f7e52b7e0%3A1702314776716&amp;width=500px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"2049391155431825685\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<p class=\"o-no-text\">\n<\/div>\n<p>The strait has been effectively closed since the U.S.-Israeli strikes on Iran began on February 28, triggering retaliatory attacks across the region and a collapse in maritime traffic.<\/p>\n<p>Before the conflict, the Strait of Hormuz was one of the world\u2019s busiest energy routes, carrying roughly a fifth of the global oil supply, but now, shipping has ground to a halt.<\/p>\n<p>This, in turn, has sent shockwaves through global markets. Oil prices\u00a0<a href=\"https:\/\/www.cnbc.com\/2026\/04\/29\/oil-prices-brent-wti-trump-iran.html\" target=\"_blank\" rel=\"noopener noreferrer\">extended<\/a>\u00a0their rally on Wednesday, with Brent crude climbing above $114 a barrel and U.S. benchmark West Texas Intermediate surpassing $103.<\/p>\n<p>In 2025, Wall Street had coined a different code to help traders stay cool and navigate Trump\u2019s whiplash-inducing tariffs policy, TACO \u2013 meaning \u201cTrump Always Chickens Out.\u201d Reportedly first coined by\u00a0<em>Financial Times<\/em>\u00a0columnist\u00a0<strong>Robert Armstrong<\/strong>, TACO gained traction among investors who are profiting from what they claimed was a predictable pattern: Trump threatens steep tariffs, the markets plunge, and days later, he backs off in a way that prompts a rebound.<\/p>\n<p>The Hormuz impasse, however, is altogether different, and the frustrated president has gyrated between claims that Tehran is\u00a0<a href=\"https:\/\/www.mediaite.com\/media\/news\/trump-claims-iran-admitted-to-us-its-in-state-of-collapse-and-wants-hormuz-open-as-soon-as-possible\/\">begging<\/a>\u00a0for him to end his blockade of their ports to outbursts threatening further strikes if Hormuz is not reopened.<\/p>\n<p>Early Wednesday morning, for example, Trump\u00a0<a href=\"https:\/\/www.mediaite.com\/media\/news\/trump-vows-no-more-mr-nice-guy-in-4-am-iran-threat-featuring-image-of-himself-with-gun\/\">posted<\/a>\u00a0an AI-generated image of himself armed with a gun in front of an exploding hillside as he warned Iran to \u201cget smart soon\u201d, as attempts to restart negotiations appeared to stall.<\/p>\n<p>Trump\u2019s oscillation between bluster and brinkmanship has only deepened the uncertainty, but for traders, it leaves one growing certainty: \u201cNACHO.\u201d<\/p>\n<p>With no clear strategy to reopen Hormuz and no breakthrough in sight, markets are bracing for a standoff that isn\u2019t ending anytime soon.<\/p>\n<p>____<br \/>\n<a href=\"https:\/\/www.mediaite.com\/media\/news\/move-over-taco-nacho-is-the-new-word-to-mock-trump-on-wall-street-heres-what-it-means\/\">https:\/\/www.mediaite.com\/media\/news\/move-over-taco-nacho-is-the-new-word-to-mock-trump-on-wall-street-heres-what-it-means\/<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-62230","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/stateofthenation.info\/index.php?rest_route=\/wp\/v2\/posts\/62230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation.info\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62230"}],"version-history":[{"count":0,"href":"https:\/\/stateofthenation.info\/index.php?rest_route=\/wp\/v2\/posts\/62230\/revisions"}],"wp:attachment":[{"href":"https:\/\/stateofthenation.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}