What are 'NACHO' & 'TACO', acronyms used by traders to decode Trump's policies?

Wall Street traders have shifted from 'TACO' (Trump Always Chickens Out) to 'NACHO' (Not A Chance Hormuz Opens) to decode US President Donald Trump’s policies and actions. TACO reflected expectations that Trump would back down on global tariffs and later military threats to Iran. NACHO indicates that the Strait of Hormuz will remain shut, keeping oil prices and inflation high.