Citadel Securities's Rubner is bullish on US stocks into fall

Citadel Securities' Scott Rubner says that American investors may expect steady gains for US stocks ahead of Labor Day (September 1). After that, seasonal factors will likely push markets lower.

Rubner stays bullish on US stocks for the next month, citing strong corporate earnings and positive cash flows. He also advises traders to hedge their positions by late August as market activity slows down.

Meanwhile, US stocks are hovering near record highs. The American economy remains resilient despite uncertainty around President Trump’s trade policies. Any signs of a dip tend to trigger heavy buying from retail players.

The analyst notes that big institutional investors have some fear of materially underperforming the benchmark indexes. If corporate earnings even come close to expectations and stocks rise, that fear could become reality.