Foreign media: Citadel Securities believe that the end of June and the beginning of July is one of the most critical technical periods for the US stock this year. At the end of the month, at the end of the season and at the end of the half-year, it is possible to allow for the repositioning of the warehouse and the allocation of passive funds, which in the short term will be more influential than basic information.
The bulk trade is still hot.
Scott Rubner, head of the agency ' s stock and derivatives business, stated that the bulk was still one of the strongest sources of purchase in the current market. Citadel Securities stated that its platform had seen the largest bulk trading day in history in the past month.
Of these, SpaceX was the largest buy-in in the Agency ' s records on that day, 50 per cent more than previously recorded. According to Rubner, the bulk trade is no longer concentrated only on high-volatility markers, but is increasingly going to large market-market companies that are driving the benchmark index rise, which brings it closer to institutional investors.
Quarter end repositioning approach.
The end of the month coincides with the end of the month, the end of the second quarter and the end of the first half of the year. According to Citadel Securities, this means that subsequent market fluctuations may be driven more by technical factors than by new inflows.
Last Friday, the U.S. stock came to the end of a massive Four Witch Day option. The agency estimates that approximately $8.3 trillion of United States options expired, one of the largest in history. According to Rubner, this would clear a significant part of the market of gamma, making the market more sensitive to changes in financial flows when investors rebuild their positions before the end of the month.
At the same time, rebalancing at the end of the season may also cause short-line disturbances. Citadel Securities states that the top 100 pension in the United States is currently at a high level of financial adequacy since 2001, and that some of the funds may be able to sell shares at the end of the month and add fixed-income assets, thus creating a phase pressure on the stock market.
Seasonal funds or returns at the beginning of July
It also mentioned that a new asset allocation cycle would be launched on 1 July, and that pension contributions, target-date funds, passive configurations, mutual fund requisitions and systematic strategic funds could be re-entered early in the new quarter.
Citadel Securities stated that the first half of July in history was usually one of the periods in which the United States shares performed better. According to its data, the TPP 500 index rose in the past 11 months and in the last 18 years, the NASDAQ 100 index rose in July in 17 years.
According to the Agency, the high level of dispersion also supports the July situation. In terms of historical performance, July is usually one of the most active months of the bulk trade.