S&P 500 companies spent $198 billion in buybacks in 1Q, up 9.3 percent sequentially. Given the uncertainty surrounding stocks and the economy, this must come as a nice surprise. Concurrently, there has been a jump in recent months in C&I … Continued
The buyback bonanza that persisted for years is coming to an end this year. It only makes sense that SPYB will lag SPY, but the ratio between the two broke out of one-month consolidation on Wednesday. This shows that, after … Continued
In the current bear market, the S&P 500 is down nearly 34 percent, which is the 8th worst out of 14 going back to 1929. It is too soon to say if THE low is in. After the March 23rd … Continued
The sell-side is beginning to revise earnings estimates lower. But looking at the disruptions caused by the coronavirus, more downward revisions probably lie ahead. Company boards will be looking to conserve cash, with dividends and buybacks likely targets – the … Continued
For a while now, foreigners have been reducing exposure to US stocks. They have been buying Treasury securities, and it is likely the pace quickens. If so, this will come at the expense of US stocks. In November, the US … Continued