Two Things: Buybacks And ETFs
Well, Goldman is out with their weekly piece documenting the conversations they're supposedly having with clients and this week's installment is pretty interesting as it touches on a particularly important debate about what the best use of corporate cash is.
As you're undoubtedly aware, the corporate bid (i.e. buybacks) has been a key pillar underpinning U.S. equity demand over the past several years and more than a few folks have bemoaned the fact that central bank largesse has created an en
Since Sept 8, 2017 the Fed has pumped $595 Billion into this toilet bowl that is swirling getting ready for what? QT, QE, QEE, QEEE? That is in just 7 weeks so just keep talking about melt-ups and buybacks and the ECB cutting QE from $60 Billion a month to $30 Billion until eternity. It’s all good, right? Since Jan 1 2017 our debt service obligation is $458 Billion. So again no problem, right?
Shawn Johnson| Balance Beam Routine @Olympic Trials| https://www.youtube.com/watch?v=4qQq9lhNwHA (analogous to Open Market Operations “QT, QE, QEE, QEEE”) The dismount is the hardest part ; until then we’re just preparing for the singularity of all currencies.