Thanks, Washington! Tax-Cut Fueled Buybacks Are What Goosed Q2 Market

Ok, so part and parcel of the bull thesis for U.S. equities going forward is the assumption that the buyback tailwind (created in part by the tax cuts) will act as real-life plunge protection come hell or high tariffs.

That contention was seemingly borne out in February, when Goldman’s buyback desk had its most active two-week stretch ever.

 

 

 

https://heisenbergreport.com/2018/06/25/jpmorgan-buybacks-were-behind-the-outperformance-of-us-equities-during-q2/

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