Courtesy of ZeroHedge View original post here.
Somehow, FX and equity futures traders are shocked that the tariffs that Trump had said would hit today, have actually gone into effect – and China has retaliated (just as it said it would)…
Offshore Yuan has erased all of Thursday’s panic-buying relief idiocy…
Source: Bloomberg
Gold is spiking..
Source: Bloomberg
And Futures are getting hammered (Dow futs were down over 300 points before bouncing)…
So, all that short-squeezing, low-volume exuberance has gone (for now).
Of course the plunge-protectors are stepping in…
Can they hold it until Tuesday?