The latest rally has energized the stock market but left the credit market concerned

HomeMarketsOptions traders are chipper about equities but wary of debtAug. 13, 2026, 5:01 a.m. ETWall Street has a different view about downside protection on stocks and bonds. Photo: Michael M. Santiago/Getty Images)The latest stock market rally has energized equity bulls but left credit investors much more wary, according to Barclays.The bank’s global equity derivatives strategy team led by Stefano Pascale noted that option markets suggest “a divergence of downside opinions” for traders of stocks and bonds.