Retail Buying Again, Trillion-Dollar Buybacks, & Bullish Flows Back Big August: Citadel Securities Chief Strategist Sees Buyers Higher...

Citadel Securities chief equity/derivative strategist Scott Rubner’s August checklist argues that after a mature leverage reset, multiple demand sources (strong earnings, returning retail, relentless passive flows, $1 trillion in buybacks, improving breadth, and rising upside options demand) are simultaneously strengthening as selling pressure fades, creating a constructive flow asymmetry for further equity gains despite lingering macro risks.

His message: forget about what can go wrong, the bigger question is who's buying higher?

1. Earnings: Better than Feared