Citadel, "Early summer excesses have largely reset"
Citadel, "Early summer excesses have largely reset" Citadel commented that the overheating of the tech sector, which began in earnest this summer, was largely resolved with the selling of retail investors at the end of July. The net selling of semiconductor and memory stocks by retail investors at the end of July was 20 times the average of the past two years. Citadel stated that, in a situation where leverage and concentration are low, fundamentals will once again hold the key to the stock price, and an upward trend with reduced volatility will continue.
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