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‘Not a Chance Hormuz Opens’: How Wall Street’s new NACHO trade bets on a prolonged oil shock
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- Traders now have a new acronym for a market increasingly skeptical that the Strait of Hormuz crisis will end anytime soon: NACHO.
- The shorthand "Not A Chance Hormuz Opens" has emerged on trading desks and among market commentators to describe growing skepticism that repeated remarks by U.S.
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Move over TACO trade. Traders now have a new acronym for a market increasingly skeptical that the Strait of Hormuz crisis will end anytime soon: NACHO.
The shorthand "Not A Chance Hormuz Opens" has emerged on trading desks and among market commentators to describe growing skepticism that repeated remarks by U.S. President Donald Trump about reopening the key shipping route will lead to a swift resolution.
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