BUSINESS

United States market maker says bull run intact

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Media Bias Meter

Sources: 32

Left 9%

Center 84%

Right 6%

Sources: 32

Citadel Securities, the largest U.S. market maker, told clients on August 4 that the U.S. bull market remains intact despite sharp retail-driven selloffs in technology shares. The firm said the market is transitioning from liquidity-driven gains to one led by earnings, demand and macroeconomic data. Citadel cited data showing the biggest retail stock selling since 2022, a 28% drop in leveraged ETF assets to $154 billion, and lower funding costs for positions, arguing speculative excesses have been largely cleared after July’s tech-led correction.

Prepared by Christopher Adams and reviewed by editorial team.

Timeline of Events

On February 2026, the US Supreme Court struck down administration emergency global tariffs.
On July 2026, temporary worldwide import duties expired after federal court blocks.
On July 2026, the administration enacted new 10% to 12.5% global tariffs.
On August 3, 2026, twenty-five US states filed a joint lawsuit.
On August 3, 2026, the lawsuit was lodged at International Trade Court.
On August 4, 2026, state attorneys general publicly announced the legal challenge.
On August 4, 2026, White House officials defended the trade actions publicly.
On August 4, 2026, legal experts evaluated executive power under Section 301.
In coming months, the Court of International Trade will weigh injunction requests.
In coming years, appellate rulings will define executive emergency trade powers.

News Intelligence

Twenty-five states challenge sweeping federal import tariffs in court.
Long-term judicial limits on presidential trade and tariff authority loom.
American consumers, state governments, importers, and major trading partners are affected.
Prioritise direct court filings, official state releases, and trade wires.

Media Bias

Articles Published:: 32
Right Leaning:: 2
Left Leaning:: 3
Neutral:: 27

Explain Framing

Left: Highlighting executive overreach, rising consumer prices, and illegal taxation. Center: Reporting legal mechanics, court filings, and competing administration justifications objectively. Right: Emphasizing executive authority, forced labor enforcement, and domestic manufacturing protection.