Year-End Rally Is "Delayed, Not Derailed": Citadel Flows Guru Sees Retail & Corporate Demand Underpinning Markets

Sentiment remains decidedly cautious, according to Citadel Securities flows guru, Scott Rubner, having met with a wide range of investors in the last week.

Despite recent market resilience, the tone last week was deeply bearish, reflecting the growing wall of worry that continues to define late 2025.

Citadel Securities’ Retail Gross Notional (Indexed)