Corporate Bid Still Only Game In Town For US Equity Demand

Who'll be the biggest buyer of US equities in 2024? If you said "Well corporations, of course!" you win a prize. This statistic is hardly news, but it nevertheless bears mentioning from time to time: Over the past quarter century, the corporate bid has accounted for the lion's share of equity demand. As the figure shows, no other cohort is anywhere close. Net demand from corporates sums to $5.5 trillion over the past 23 years. Note: This is net demand. So, inclusive of buybacks, cash M&