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'July Didn't Change The Structural Bull... It Reset It': Citadel Securities Chief Strategist Says "Fundamentals Matter Again"

Tyler Durden's Photo
by Tyler Durden
Authored...

Authored by Scott Rubner, Citadel Securities Chief Equity/Derivatives Strategist,

It has also been one of the most technically challenging trading environments we have navigated in recent years. Sharp rotations, elevated single-stock volatility, rapidly changing market leadership, and significant deleveraging created an exceptionally difficult backdrop for investors across the marketplace.

I. Retail Behavior Shifted Meaningfully