In accordance with ChainCatcher, Citadel Securities has warned investors not to overlook seasonal volatility in the stock market. Scott Rubner, the firm's head of equity and derivatives strategy, noted that based on data since 1990, this week has been the weakest for the S&P 500 index, with a high likelihood of a 1% single-day drop. Although the S&P 500 has risen about 3% so far this September, the average decline for the month over the past five years has been 4.2%.
Citadel Securities Warns of Weakest Week for S&P 500 Since 1990
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