>>>What does that mean and why would the market rally?
With daily options volume heading for an annual record, the expiration is a widely watched event on Wall Street. Moves in the derivative market have the capacity to spur gyrations in underlying securities. There are signs that demand for options hedging is waning as money managers have cut their equity exposure and some opted for other ways such as index shorting for protection during the rout.
“A lot of investors and traders have been in cash, or higher cash than they were at the beginning of year and so have less of a need to hedge,” said Michael Purves, founder of Tallbacken Capital Advisors. “A lot has been priced in.”
BlackRock misses profit estimates, pulls back hiring after market turbulence
https://finance.yahoo.com/news/blackrock-profit-slumps-market-turmoil-101756376.html
BlackRock misses profit estimates, pulls back hiring after market turbulence
https://finance.yahoo.com/news/blackrock-profit-slumps-market-turmoil-101756376.html