BUYBACKS DEAD EXCEPT FOR TECH pic.twitter.com/NrEtsS3zD6
— Win Smart, CFA (@WinfieldSmart) July 31, 2020
Many companies have kept buying back their shares, even as the global recession deepens. “As long as you’re a company that is earning money greater than your borrowing rate, you can just keep borrowing and buying back shares.” https://t.co/8mGlno4JfZ pic.twitter.com/o1cbAwcvio
— Lisa Abramowicz (@lisaabramowicz1) July 31, 2020
“Investors are being infantilized by the relentless Federal Reserve activity. It’s as if the Fed considers them foolish children, unable to rationally set the prices of securities so it must intervene.” https://t.co/u3cEhIWPPj
— Lisa Abramowicz (@lisaabramowicz1) July 30, 2020
From Bloomberg:
Put/Call ratio for large tech stocks is incredibly low pic.twitter.com/HX9adIpeJ7
— SentimenTrader (@sentimentrader) July 28, 2020