By Cory
Comments on share buybacks and the general markets
We hear a lot about how share buybacks are large contributors to the rising markets. However the recent months have shown that this might not be true. See the chart and excerpt from Trim Tabs below that outline the lower share buybacks.
Download audio file (2017_08_02-Market-Wrap.mp3)
Here’s the data from Trim Tabs…
While the too-big-to-fails unleashed a flood of stock buyback announcements after the Federal Reserve’s latest “stress test,” announcements by other U.S. companies have been light.
Financial companies rolled out $92.8 billion in buybacks on June 28, accounting for 86% of the $107.3 billion in buybacks in all of June. In July, buybacks for all companies fell to just $17.3 billion, the lowest level since May 2012.
Source:: The Korelin Economics Report
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