Wall Street Traders Troll Trump With a New Nickname

[Zorro]

The president’s handling of the Iran war has earned him a humiliating new nickname among Wall Street traders who are questioning his ability to reopen a critical global oil route.

Traders have adopted the term “NACHO,” an acronym for “Not A Chance Hormuz Opens,” according to Bloomberg columnist Javier Blas, who reported Wednesday that a trader disclosed the nickname. It’s a reference to the Strait of Hormuz, a vital waterway through which about a fifth of global oil supplies normally flow.

The chokepoint was shuttered by Iran in response to U.S.-Israeli strikes on Feb. 28, sending oil prices soaring. With a fragile ceasefire in place, the U.S. and Iran remain in a standoff over the waterway, which is central to global energy markets.

The nickname follows an earlier moniker coined by traders, “TACO,” short for “Trump Always Chickens Out,” which he earned for his shifting stance on trade policy.

https://www.thedailybeast.com/wall-street-traders-troll-trump-with-a-new-nickname/

Nacho Nacho man!

[rurallib]

1. The "Nacho Taco' man!

[Kid Berwyn]

2. King TOFU

Trump Always Effs Up.

[Norrrm]

3. Why is Trump 'allowing' Iran to block the strait?

Why is Trump 'allowing' Iran to block the strait?
He and Hegseth both said the military capability of Iran was completely destroyed.

??? Rhetorical question? They lied?

[truddy777]

4. traders

Traders have a unique way of expressing their frustration with market blockages. "NACHO" is quite the creative acronym.

[GusBob]

5. DJIA up 7% for the month, 20% for the year, those pimps love Trump

Banking on him

[The Madcap]

6. It seems to be about the only thing that's up.

No explanation for it other than sheer luck.

[GusBob]

7. Pimps simping Trump

Thats my explanation

[questionseverything]

12. It's that there's no where else left to invest in and see their money grow

Same as when gold and silver climb so fast

The top 10% have accumulated so much the bottom 90% barely have anything left worth taking

[WSHazel]

9. Not exactly

Stocks are an inflation hedge. I suspect that data will show a rotation out of bonds into stocks was at least part of what drove the stock market in the last month or two.

[GusBob]

10. Like I said, pimps, and whores

banking on an economy that is killing americans

[RockRaven]

8. You can sing it to one of the Village People songs The Dotard likes to appropriate AND

it is the name of his favorite face paint shade. Very easy to remember!

Hey! Hey! Hey, hey, hey!
Nacho, nacho man
I've got to be, a nacho man
Nacho, nacho man
I've got to be a nacho! (all right)

Nacho, nacho man (yeah, yeah)
I've got to be, a nacho man
Nacho, nacho man
I've got to be a nacho! All Right!

[SomedayKindaLove]

13. Proud graduate

Of the Elaine Bettis School of Dance

[republianmushroom]

11. Damn, a TACO with a side of "NACHO,"

[appleannie1]

14. He doesn't care about gas prices. He does not have to buy it.