Loading ...“Debt-fueled corporate buybacks will be crucial to sustained stock-market rebound”
Herein lies the problem:
ZH: Nov. 4th, 2018
Here Comes A Sharp Slowdown In Stock Buybacks
First off, companies already bought back an asinine $680 billion of stock during the first half of 2018, which was the most volatile period in three years. Here we see that stock buybacks barely kept the market afloat. Secondly, the reason the market rallied into late September was ahead of the Fed rate hike. It was a global short-covering rally.
