Dump That Dip! The Trade Deal Hopium Trade Is About To Puke

Which in retrospect means that anyone who had hoped for a quick and easy resolution as per Friday’s market action, may be disappointed when futures open for trading in a few hours.

As a result, amid the prospect of immediate retaliation from Beijing to the U.S. decision to slap higher tariffs on $200 billion of Chinese imports, traders are expecting a jump in volatility as investors dump risk assets in favor of U.S. Treasuries, gold, the dollar, yen and Swiss franc. Below, courtesy of Bloomberg, is a sample of trader reactions