PremiumAmid Breadth-Stress & Structural Dispersion, Citadel Flows Guru Sees Unprecedented Retail Participation
With only 31 trading sessions into the year, the index may appear relatively stable, but, as Citadel Securities Chief Equity Strategist, Scott Rubner, puts it, the magnitude of sector and factor reallocation beneath the surface has been anything but.
Retail participation remains historically elevated, ETF flows are tracking at one of the strongest early-year paces on record, and liquidity has thinned during episodic selloffs.