US Futures & Yuan Drop After China Threatens "To Fight To The End" In Trade War

Update (0905ET): Goldman noted that their trading floor skewed much better to buy today (held a +512bps buy skew vs 20d avg of -212bp sell skew) with HF’s holding a large part of the weight (heavy covering). 

• LOs and HFs both finished ~$1.5b net buyers across our floor which screens as the highest buy skew for the HF community since January and ranks in the 96th percentile on a 52w lookback.