Citadel Securities says systematic buyers are preparing to buy stocks aggressively again
Systematic buyers are preparing to return to stocks in force after a major deleveraging, according to Citadel Securities. Scott Rubner, the firm’s head of equities and derivatives strategy, said the leverage reset is largely complete. As volatility declines, systematic strategies have room to increase their exposure, he said. Market breadth is improving, individual-stock correlations are nearing historic lows, and investors are increasingly willing to pay for upside potential, Rubner said.
Systematic buyers are preparing to return to stocks in force after a major deleveraging, according to Citadel Securities.
Scott Rubner, the firm’s head of equities and derivatives strategy, said the leverage reset is largely complete. As volatility declines, systematic strategies have room to increase their exposure, he said.
Market breadth is improving, individual-stock correlations are nearing historic lows, and investors are increasingly willing to pay for upside potential, Rubner said.
Scott Rubner, the firm’s head of equities and derivatives strategy, said the leverage reset is largely complete. As volatility declines, systematic strategies have room to increase their exposure, he said.
Market breadth is improving, individual-stock correlations are nearing historic lows, and investors are increasingly willing to pay for upside potential, Rubner said.