Citadel: Nine of Ten Market Indicators Turn Green Over Past Two Weeks, Earnings as Sole Variable

According to Citadel Securities strategist Scott Rubner cited by Business Insider, nine of the ten core indicators tracked by the market maker have shown significant improvement over the past two weeks as of July 2026. The remaining headwinds that were previously expected to weigh on markets in the second half of 2026 have either weakened or completely reversed, Rubner said, with corporate earnings remaining the pivotal uncertainty. Notably, retail investors have re-emerged as structural buyers, with no net-selling days recorded on Citadel's equity platform since July, averaging daily net purchases at 3.2 times the historical monthly average. S&P 500 companies are expected to report 22.4% year-over-year EPS growth in the second quarter, one of the strongest earnings seasons outside recession recoveries, though Rubner flagged the final week of July as the "Super Bowl" for earnings season, when major tech firms and other heavyweights report results.
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