# What is the NACHO trade?

Page: https://stenobird.com/podcast/reuters-morning-bid-7596246/what-is-the-nacho-trade
Text version: https://stenobird.com/podcast/reuters-morning-bid-7596246/what-is-the-nacho-trade.md
Podcast: [Reuters Morning Bid](https://stenobird.com/podcast/reuters-morning-bid-7596246)
Published: 2026-05-05T09:33:00+00:00
Episode link: https://traffic.megaphone.fm/THRH6341834552.mp3
Audio file: https://traffic.megaphone.fm/THRH6341834552.mp3
Processing state: processed
JSON: https://stenobird.com/v1/public/podcasts/reuters-morning-bid-7596246/episodes/what-is-the-nacho-trade
Duration seconds: 479

## Resource

Oil holds above $110 a barrel as fighting in the Gulf intensifies, with Iranian forces striking a UAE oil installation and small boats exchanging fire with U.S. forces near the Strait of Hormuz. Meanwhile, a sharp upgrade to U.S. earnings forecasts and soaring AI spending projections keep equity investors from heading for the exits. Today’s recommended read: Forget 3% US inflation. It's heading for 4%, Jamie McGeever Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest Read more from Amanda Cooper and Anna Szymanski Produced by Eliza Davis Beard, Ethan Plotkin and Abisoye Adelusi Sound engineering and music by Sebastian and Josh Sommer Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. Learn more about your ad choices. Visit megaphone.fm/adchoices

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