Scott Rubner, head of equity and derivatives strategy at Citadel Securities, expects AI stocks to outperform once the US midterm elections are resolved. His institutional clients are holding off on purchases, viewing the elections as a clearing event for risk. Retail traders on Citadel’s platform, however, net bought $9.1 billion of US equities in a single week, with $2.6 billion concentrated in chip stocks. Historically, the S&P 500 has posted average fourth-quarter gains of 5.5 to 5.6% in midterm years since 1930. Rubner also expects corporate buybacks and third-quarter earnings season to bolster demand starting in early November alongside the election.
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