There’s Only One Buyer Keeping S&P 500’s Bull Market Alive - $165 billion Buyback
S&P constituents are poised to repurchase as much as $165 billion of stock this quarter, approaching a record reached in 2007.
The buying contrasts with rampant selling by clients of mutual and exchange-traded funds, who after pulling $40 billion since January are on pace for one of the biggest quarterly withdrawals ever.
S&P 500 companies have churned out more than $2 trillion of repurchases since 2009, helping sustain a rally where share prices almost tripled.
Bloomberg Business, March 14, 2016
Wall Street at IntCom
The buying contrasts with rampant selling by clients of mutual and exchange-traded funds, who after pulling $40 billion since January are on pace for one of the biggest quarterly withdrawals ever.
S&P 500 companies have churned out more than $2 trillion of repurchases since 2009, helping sustain a rally where share prices almost tripled.
Bloomberg Business, March 14, 2016
Wall Street at IntCom
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