Citadel Securities Says US Stock Bull Drivers Stay Intact After 2026 Retail Trading Reset
Updated
Updated · Bloomberg · Aug 3
Citadel Securities Says US Stock Bull Drivers Stay Intact After 2026 Retail Trading Reset
2 articles · Updated · Bloomberg · Aug 3
Summary
Citadel Securities said the forces behind this year’s run to US stock record highs remain intact, even after a pullback in speculative retail trading.
Scott Rubner, the firm’s head of equity and equity derivatives strategy, said markets are shifting away from flow-driven moves and back toward earnings, corporate demand and the macroeconomic backdrop.
That view suggests the recent retail reset has not, in Citadel’s assessment, broken the broader foundations supporting the bull market.
The call frames the next phase for US equities as one led less by speculative flows and more by fundamental and macro drivers.