TACO or NACHO?
Another weekend, another complete lack of progress or even any useful information related to the Iran war as the paralysis continued with both sides wasting everybody’s time and effort by offering up proposals that are clearly non-starters since they know full well the other side won’t accept them.
Wall Street loves itself a corny acronym and while bulls are tending to still hold on to the long-standing principle of TACO, many of the bears are adopting NACHO (Not A Chance Hormuz Opens).
All we really got was Trump barking that “the clock is ticking”. No s**t, thought Wall Street traders who…
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