Traders are betting big on a sudden drop in stocks and it’s starting to pay off

Traders are betting big on a sudden drop in stocks and it’s starting to pay off

Traders work on the floor at the New York Stock Exchange.
Brendan McDermid | Reuters

Two words from Federal Reserve Chairman Jerome Powell and one tweet from President Donald Trump turned the market upside down rapidly this week. Some traders saw it coming and are ready to reap big money as the sell-off gains steam.
Big bets had been placed on a comeback in market volatility in the two weeks…

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