Bad Omen: The Buyback Trajectory Is Slowing

Ok, it's time for an update on the corporate bid for U.S. equities as investors ponder the outlook for markets after a truly abysmal October for stocks that were sitting at fresh all-time highs a scant six weeks ago. Anytime there's a selloff and folks are looking for excuses to stay bullish, buybacks obviously come up and it's not hard to understand why. The corporate bid has been the largest source of U.S. equity demand for quite some time now, and this year, the tax cuts catalyzed a veritabl