JPMorgan's trading team said that while the risks to a strong stock market rally are growing, there is "very little chance" of a bear market downturn in the context of strong economic growth. US stocks could see a 4% -5% or even 10% correction after two consecutive years of rising more than 20% in the S & P 500, but the bull market remains intact against the backdrop of above-trend GDP, the team led by Andrew Tyler, head of global market intelligence, said in a note to clients on Monday.
The trading team at Galaxy Digital said that BlackRock IBIT ETF options were heavily traded in the US stock market, with 353,716 contracts traded on the first day, compared with the previous most active first day of trading for options products when Facebook options went live in 2012, with 360,000 contracts traded. Galaxy expects this active options trading activity to continue until January 2027, about half of Donald Trump's presidency, and this concentrated long-term activity level reflects in...