Wall Street Has New Word to Mock Trump, Saying Adios to TACO
It is safe to say President Donald Trump is “nacho” run-of-the-mill president. Wall Street traders have a new acronym for the president’s Iran war stalemate – “NACHO” – “Not A Chance Hormuz Opens.” This refers to the…
The strait has been effectively closed since the U.S.-Israeli strikes on Iran started Feb. 28.
Sponsored
Sponsored
Wall Street Has New Word to Mock Trump, Saying Adios to TACO — IJR
Before the conflict, the Strait of Hormuz was one of the world’s busiest energy routes, carrying roughly a fifth of the global oil supply.
Oil prices continued to climb Wednesday, with Brent crude surpassing $114 a barrel and U.S. benchmark West Texas Intermediate going over $103.
According to the American Automobile Association, Wednesday also saw U.S. gas prices climb to their highest level since the start of the war, reaching a nationwide average of $4.23 per gallon.
Overall, gasoline costs have surged by $1.25 per gallon, more than 40%, since February.
In 2025, 📈Wall Street had a different code to help traders stay cool and navigate Trump’s whiplash-inducing tariffs policy.
🌮TACO – meaning “Trump Always Chickens Out” — was hatched.
Reportedly first coined by Financial Times columnist Robert Armstrong, 🌮TACO gained traction among investors who are profiting from what they claimed was a predictable pattern.
Trump threatened steep tariffs, the markets plunge, and days later, he backs off in a way that prompts a rebound.
Early Wednesday morning, Trump posted an AI-generated image of himself armed with a gun and warning Iran to “get smart soon”, as attempts to restart negotiations hang in a balance.
