‘Taco’ out, ‘Nacho’ in? Wall Street coins new Trump term before China visit

Wall Street's market sentiment has shifted from 'TACO' (Trump Always Chickens Out) to 'NACHO' (Not A Chance Hormuz Opens), reflecting growing pessimism about the Strait of Hormuz crisis. Investors now anticipate a prolonged period of elevated oil prices and shipping risks, moving away from assumptions of a quick resolution.