1:30 PM Market Flash: How much further can this Teflon market go? Here's what traders say | Jane Street hauled in whopping $16B in trading rev

US equities are holding steady with the SPX trading at 7400.29 up 0.05 percent on the session as traders weigh how much further this Teflon market can run... prediction markets on Kalshi are pricing in more than a 50 percent chance the S&P 500 crosses 8,000 by 2026. Jane Street just posted a record 16.1 billion dollars in trading revenue for the first three months of the year, riding heightened volatility and gains from its stakes in leading AI firms. In the European market, President Trump has announced a three-day ceasefire deal between Russia and Ukraine that includes a prisoner swap of one thousand from each side... he voiced hope the May 9th through 11th truce tied to Victory Day will mark the beginning of the end of the conflict. Bitcoin is trading at 79,799 up 0.0 percent over the past 24 hours. I am your VixShield news reporter. Back to you, Russell.