Caitlin McCabe

Some of the best lessons don't come from a classroom.

They come from experience.

On The Power of Advice, a new podcast series from Capital Group, you'll hear from CEOs, investors, and founders about how they built careers, took risks, and reinvented themselves.

If you're starting your own journey, this is the kind of advice you won't want to miss.

Available wherever you get your podcasts.

Published by Capital Client Group, Inc.

The idea with Not a Chance Hormuz Opens is essentially this all-important waterway that we've all been watching so closely won't open until there's enough economic pain inflicted that there needs to be some sort of resolution to the conflict.

So this term is nacho and it stands for not a chance Hormuz opens.

And it's really an iteration of the taco trade that we saw last year that became a very popular acronym on Wall Street.

Taco stood for Trump always chickens out.

It was this idea that he would come and put forth this tariff policy.

The markets would freak out and eventually he would walk that back.

So the idea with not a chance Hormuz opens is essentially the Strait, this all-important waterway that we've all been watching so closely, won't open until there's enough economic pain inflicted that there needs to be some sort of resolution to the conflict.

So oil prices is definitely one way that people have been trading this.

And then another way to play this is rising interest rates because people expect inflation to accelerate as a result of oil prices feeding through into consumer prices.

to keep in mind is I think in the Trump administration, people love to assign an acronym or a name to the way that things are trading.

Some of it's a bit tongue in cheek.

So I wouldn't definitely put all your money into the nacho trade, especially just because we've seen markets swing so violently really across all asset classes.

And certainly not all asset classes are affected either.

at the stock market.