No conspiracy theory about Janet Yellen playing futures trader from her living room necessary.
Category: buybacks
Goldman’s Buyback Desk Has Most Active 2 Weeks In History
Well it’s time for another update on how corporate America intends to spend the windfall from the GOP tax cuts…
David Stockman Presents: A $67 Trillion Nightmare
“To wit, there never would have been a double inverse VIX ETF under a regime of honest money and free market financial discipline; nor would you find European junk bond yields trading inside of US treasuries.”
Corporations Are Buying The Dip, So What The Hell Is Your Excuse?
Don’t worry, you can always lean on the price-insensitive corporate bid.
I’m Long Stocks And Short Poor People As A Hedge
Of course this “fundamentals-based” excuse will be couched almost entirely in terms of the assumed sugar high from myopic fiscal stimulus and deficit-funded tax cuts.
Goldman’s Buyback Desk Went Nuts During Selloff, But It Wasn’t Enough…
Whatever the case, it looks like Goldman’s buyback desk isn’t enough to stop the bleeding in an acute situation…
Two Things: Buybacks And ETFs
Show of hands: who’s surprised?
$250 Billion Is Coming ‘Home’! But There’s A Catch If You’re Hoping For A Buyback Bonanza
The “bad” news is, companies will be less inclined to buy back shares with the money they bring home because… well…
Gasp: Companies Are Spending Less On Stocks!
That’s ok, maybe we can just send a nice letter to the SNB and/or Norway’s sovereign wealth fund and politely ask them to fill the void.
‘Go Figure!’ SocGen Reveals The Ugly Truth About The Buyback Bonanza
“Buybacks may boost the market, but they do not obviously benefit those companies doing it.”
Bad News: The Buyback Scheme Has Reached A Limit
“Perhaps over-leveraged US companies have finally reached a limit.”
There’s Good News On Buybacks! Just Don’t Read The Fine Print…
“Really though, we needn’t think too hard about this.”
ETFs To The Rescue!
“ETFs own almost 6% of the equity market, the highest ETF share on record. In contrast, mutual fund ownership fell to its lowest level since 2004 (24%).”
Goldman Delivers The Worst Possible News: “The Buyback Party Has Ended”
“Following years of prioritizing repurchases as a use of cash, corporations actually cut annual spending on buybacks by 11% in 2016 and executions YTD have plunged by 20% vs. last year. Meanwhile, authorizations YTD for new programs are proceeding at the slowest pace in five years.”
Something To Ponder On A Sunday Night
Castles in the sky?
Here’s Where Demand For Stocks Will Come From In 2017
It’s been no secret that the bid for equities in 2017 has been largely attributable
Chart Check (There’s Hope For You Yet)
For anyone still holding out hope that there’s upside for our standard valuation metrics beyond the 100th percentile, there’s always the old corporate buyback bailout…
Spot The Bid…
Better hope that repatriation holiday works out.
Here’s What Happens After A Tax Holiday
What does this do for the “silent majority”? Well, not much.
“That’s Why I’m Richer Than You”: Executives Miss Out On Dimon Rally
Earlier this month, I took a look back at Jamie Dimon’s decision to buy nearly
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