Binge Corporate Buyback Of Stocks Still To Come?

Back in September, I covered a research note from Credit Suisse in which the bank’s US Equity Strategy team declared that the buyback binge, labeled as “the engine of the rally in the US in recent years,” is now starting to come to an end. And over the past few weeks, investors may have had a lesson in what’s waiting for them when buyback cash eventually runs out. Buybacks: The engine of the rally As Credit Suisse pointed out during September, the performance of large-cap equities has closely tracked the dollar value of share repurchases for the past two-and-a-half decades:…