It's still early, but so far this year is turning out to be one of reversals. Between an uneasy Federal Reserve, weakening economic data and ongoing trade tensions, investors just aren't sure where to put their money. However, companies apparently are sure about one thing; most seem to think now is the time to buy back their stock.
Buybacks drive single-stock purchases
Bank of America Merrill Lynch strategists Jill Carey Hall and Savita Subramanian said in their latest "Equity Client Flow Trends" report that last week brought some major reversals from January. The firm's clients were net buyers of U.S. stocks after selling the week before.
Last week was also the first week the...
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