{"id":790549,"date":"2026-05-12T07:17:24","date_gmt":"2026-05-12T07:17:24","guid":{"rendered":"https:\/\/www.europesays.com\/us\/790549\/"},"modified":"2026-05-12T07:17:24","modified_gmt":"2026-05-12T07:17:24","slug":"from-taco-to-nacho-the-new-buzzword-on-wall-street-as-trump-preps-for-china-trip","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/790549\/","title":{"rendered":"From \u2018Taco\u2019 to \u2018Nacho\u2019: the new buzzword on Wall Street as Trump preps for China trip"},"content":{"rendered":"<p>With a fragile US-Iran ceasefire barely holding, the <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3350753\/hormuz-crisis-exposes-fragile-global-supply-chains-how-will-china-respond?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">Strait of Hormuz<\/a> still blockaded, and all eyes on the upcoming Trump-Xi meeting, investors are embracing a new market narrative: \u201cNacho\u201d.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The acronym \u2013 short for \u201cNot a chance Hormuz opens\u201d \u2013 reflects a growing bet on prolonged gridlock and high oil prices.<\/p>\n<p>This marks a sharp pivot from last year\u2019s dominant trade tactic, \u201cTaco\u201d \u2013 \u201c<a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/global-economy\/article\/3312502\/taco-vs-tina-which-acronym-will-win-out-when-market-has-taste-both?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">Trump always chickens out<\/a>\u201d, which was born in the chaos of Trump\u2019s tariff blitz and relied on the assumption that the President would ultimately back down.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Now, the old recipe no longer works \u2013 and Wall Street is trading chips for Nachos.<\/p>\n<p><strong data-qa=\"ContentSchemaRender-defaultRenderMapFunctions-Component\" class=\"css-1mniedq ex3nmsa17\">What is Nacho?<\/strong><\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The term gained traction after Bloomberg columnist Javier Blas shared it on social media in late April, attributing the phrase to a trader.<\/p>\n<p>Much like the term \u201cTaco\u201d \u2013 which was coined as investors grew wary of <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/global-economy\/article\/3353174\/us-china-negotiations-seek-quick-seoul-search-deals-ahead-trumps-visit?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">Trump\u2019s strategy of using massive tariffs<\/a> as leverage \u2013 this new acronym reflects a shift in market sentiment as the Middle East conflict is now at the forefront of investor concern.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Although \u201cOperation Epic Fury\u201d \u2013 the US military action against Iran that launched in February \u2013 has concluded, according to US Secretary of State Marco Rubio last week, the regional outlook remains bleak. The Strait of Hormuz is still effectively blocked and a full de-escalation has yet to materialise, leaving the global economy shrouded in uncertainty.<\/p>\n","protected":false},"excerpt":{"rendered":"With a fragile US-Iran ceasefire barely holding, the Strait of Hormuz still blockaded, and all eyes on the&hellip;\n","protected":false},"author":3,"featured_media":790550,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[210631,9710,3638,64,74,79,83,322847,410,3097,322849,322848,5503,277,67,132,68,5223,11762],"class_list":{"0":"post-790549","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-agence-france-presse","9":"tag-beijing","10":"tag-bloomberg","11":"tag-business","12":"tag-china","13":"tag-economy","14":"tag-iran","15":"tag-javier-blas","16":"tag-marco-rubio","17":"tag-middle-east","18":"tag-nacho","19":"tag-soochow-securities","20":"tag-strait-of-hormuz","21":"tag-trump","22":"tag-united-states","23":"tag-unitedstates","24":"tag-us","25":"tag-white-house","26":"tag-xi-jinping"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116560386393223301","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/790549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=790549"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/790549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/790550"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=790549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=790549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=790549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}