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IPFS News Link • Stock Market

Stock Buybacks Crash Just As Markets Need Them Most

• https://www.zerohedge.com by Tyler Durden

, we first warned our readers that "Institutions, Retail And Algos Are Now All-In, Just As Buybacks Tumble." In the markets, nobody noticed and the warning fell on deaf ears as the relentless melt up, which we called for what it was, namely a clear "distribution" from smart to dumb money - continued. 

Exactly two months and one bear market later, the first in 11 years, they finally noticed, with Bloomberg today writing that US companies, which until now were quite happy to sell some BBB-rated bonds and use the proceeds to buy stocks to prop up their stock price, have stepped back from repurchasing their shares even before the coronavirus outbreak (something we made quite clear in January).


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