FYI: Corporate stock buybacks are expected to hit a record this year, but the 2018 crescendo of repurchases—an important support for the bull market—seems to have hit a near-term diminuendo.
According to data from TrimTabs Investment Research, stock buyback announcements are off to a slow start in the third-quarter earnings season. In the past two weeks, they averaged only $750 million daily, compared with $3.3 billion daily during all earnings seasons in the past three years. Indeed, buybacks have fallen to only $1.5 billion daily in the previous three months after hitting record levels earlier this yea
Regards,
Ted
https://www.barrons.com/articles/stock-buybacks-diminish-leaving-the-market-with-less-fuel-1540393470
