Citadel says drivers of U.S. stocks’ record highs remain intact as retail speculation cools
Citadel Securities said the factors that have driven U.S. stocks to record highs this year remain intact even as speculative trading by retail investors cools. “The market is transitioning from an environment dominated by fund flows back to one driven by earnings, corporate demand and the macro backdrop,” Scott Rubner, the market maker’s head of equity and equity-derivatives strategy, wrote in a report to clients.
Citadel Securities said the factors that have driven U.S. stocks to record highs this year remain intact even as speculative trading by retail investors cools.
“The market is transitioning from an environment dominated by fund flows back to one driven by earnings, corporate demand and the macro backdrop,” Scott Rubner, the market maker’s head of equity and equity-derivatives strategy, wrote in a report to clients.
“The market is transitioning from an environment dominated by fund flows back to one driven by earnings, corporate demand and the macro backdrop,” Scott Rubner, the market maker’s head of equity and equity-derivatives strategy, wrote in a report to clients.