# A mega TACO moment

Page: https://stenobird.com/podcast/nab-morning-call-427359/a-mega-taco-moment
Text version: https://stenobird.com/podcast/nab-morning-call-427359/a-mega-taco-moment.md
Podcast: [NAB Morning Call](https://stenobird.com/podcast/nab-morning-call-427359)
Published: 2026-06-11T20:27:35+00:00
Episode link: https://shows.acast.com/morningcall/episodes/a-mega-taco-moment
Audio file: https://sphinx.acast.com/p/open/s/631a89913c2be9001415dc41/e/6a2b1a3872ff36e11a2a6f65/media.mp3
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JSON: https://stenobird.com/v1/public/podcasts/nab-morning-call-427359/episodes/a-mega-taco-moment
Duration seconds: 928

## Resource

Friday 12th June 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services - NAB A major coordinated market reversal took place overnight as Donald Trump posted a dramatic Truth Social message stating that a comprehensive US-Iran peace deal is "just about done," prompting an immediate unwind of trades built on escalating tensions. NAB's Ray Attrill joins Phil to dissect this massive shift, which saw Brent crude plunge back below $90 a barrel, US Treasury yields drop 9 basis points, and the Nasdaq snap back into a roaring 3.5% rally. Yet Iran's semiofficial Fars news agency swiftly downplayed the announcement, stating no text has been formally approved. Beyond the Gulf,: the European Central Bank delivering its first interest rate hike since 2023 to combat broad-based inflation pressures, and today sees the historic debut of the largest initial public offering (IPO) in global history, dwarfing Saudi Aramco with a mind-boggling valuation.  Hosted on Acast. See acast.com/privacy for more information.

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## Transcript

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