CITADEL’S RUBNER SEES BETTER SETUP FOR STOCKS IN OCTOBER

CITADEL SECURITIES’ SCOTT RUBNER EXPECTS EQUITY MARKET CONDITIONS TO IMPROVE IN OCTOBER AS QUARTER-END SELLING ENDS AND HISTORICALLY FAVORABLE MIDTERM-ELECTION SEASONALITY BEGINS.

HE SAYS INVESTOR POSITIONING REMAINS LOW AND SENTIMENT NEGATIVE.

ADDITIONAL SUPPORT COULD COME FROM CORPORATE BUYBACKS RETURNING AROUND OCTOBER 13, EASING TAX-LOSS SELLING AND RENEWED RETAIL INFLOWS.

RUBNER SAYS OCTOBER AND NOVEMBER TYPICALLY SEE SOME OF THE STRONGEST CORPORATE DEMAND FOR STOCKS. ...