Citadel Securities Says Bull Market Drivers Are ‘Firmly Intact’
Citadel Securities said retail selling cut leveraged exchange-traded fund assets 28% to $154 billion as earnings strength shifts markets back to fundamentals.
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Citadel Securities says 4 things show July's market turmoil was a healthy reset for the bull rally
TIMOTHY A. CLARY / AFP via Getty ImagesScott Rubner of Citadel Securities says market turmoil in July was a healthy reset for stocks. He says four things show the market in a different position as August kicks off. Leverage has moderated, while retail investors' behavior has shifted, Rubner says. The summer has been volatile for stocks, but turmoil in July didn't derail the bull market. It reset it. That's according to Scott Rubner of Citadel Se…
Citadel Securities assessed the current point, where speculative selling by retail investors has been cleared, as the bottom of the U.S. stock market and predicted that an earnings-driven bull market would continue. In particular, analysts on Wall Street suggest that Citadel, led by Ken Griffin, could once again signal a market rebound by adopting a strategy of acquiring a large portion of its portfolio during the crisis.
Scott Lubner of Citadel said, "The volatile market in July means that the market is in a healthy state to enter another bullish upward phase in August."
Bull Markets don't die of Old Age ... They get Slaughtered
Image courtesy Shutterstock/Outcome By Noah Solomon Special to Financial Independence Hub Yes, I’m stuck in the middle with you And I’m wondering what it is I should do It’s so hard to keep this smile from my face Losing control, yeah, I’m all over the place Clowns to the left of me, Jokers to the right Here I am, stuck in the middle with you Stuck in the Middle With You, by Stealers Wheel Caught between the Rock of FOMO and the Fear of FOL Wit…
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