Premium'Upside Tail-Risks Are Underpriced': Citadel Securities Chief Strategist Offers April's 'Capitulation Checklist'
“The conditions for a rally are very high - if geopolitical tensions ease - considering one of the largest short positions on US stocks that we’ve ever seen,” said Scott Rubner, Citadel Securites' head of equity and equity derivatives strategy, but cautioned that it’s not yet a “buy stocks today” call.
“You have a very large number of short positions in the market that were put on based on rules, not necessarily what clients wanted to do,” he said.
“That can flip.”