Premium"Downside Hedges Are Especially Prudent" - Citadel Flows Guru Sees September Shift After Summer Surge
Authored by Scott Rubner, head of Global Market Intelligence at Citadel Securities,
September is historically the weakest month for equities, with volatility rising into option expiration and retail participation fading. With systematic strategies (CTAs, Vol-Control, Risk Parity) already near peak allocations and corporate demand set to slow, risk/reward skews to the downside. That makes hedges particularly attractive.