10-22-2019, 01:45 AM
Have to keep an eye on this one, as it has been one of the main underpinnings of the bull market:
Quote:Buyback spending is plummeting as companies spend less amid growing global uncertainty. According to Goldman Sachs, buyback spending slowed 18% to $161 billion during the second quarter, and the firm anticipates that the slowdown will continue. “During full-year 2019, we expect S&P 500 cash spending will decline by 6%, the sharpest annual decline since 2009,” the firm wrote. As corporate spending slows, investors hunting for yield should look to high-dividend stocks, the firm said.Goldman warns buybacks are plummeting