S&P 500 Buybacks*
2019: $795B***
2018: $810B**
2017: $585B**
2016: $500B
2015: $505B
2014: $535B
2013: $505B
2012: $405B
2011: $390B
2010: $285B
2009: $137B*Rolling four quarters data. $5T since 2009.
**Tax Cuts U.S.
***Year to date Q2Via @biancoresearch
— Lawrence McDonald (@Convertbond) October 20, 2019
The buy-backs off set the granting and then exercise of corporate options … allowing the people at the top to cash out without diluting their shares. Also …. shares are being sold to ETFs. General public have gone ape-shit over passive ETFs. Plenty of evidence who is buying at the top … while CEOs dump at historic levels.
money.cnn.com/2018/07/17/investing/insider-selling-stock-market-buybacks/index.html
AC