Stocks are helped by buybacks, some more than others, but share reduction is a small part of the S&P 500’s great performance in this bull market. The extremely long bull market is killing the narrative that buybacks are for the short term because stocks have sustained the rally after buybacks increased, unlike the last cycle where stocks fell right after buybacks exploded higher.
Submitted August 18, 2018 at 12:23AM by AlexPitti https://ift.tt/2L5ky5F
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