The stock market's most important safety net is in danger

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Share repurchases have been a crucial backstop for the equity bull market, which has run for more than 10 years.

US corporations repurchased stock at the slowest pace in 18 months in the second quarter, signaling a key safety net of the 10-year equity bull market could be fading. Stock buybacks by S&P 500 firms totaled about $166 billion for the second quarter, down from $206 billion the period before. Share repurchases have help drive share gains during periods devoid of other positive market catalysts.

US corporations repurchased stock at the slowest pace in 18 months in the second quarter, signaling a key safety net of the 10-year equity bull market could be fading. Stock buybacks by S&P 500 firms totaled about $166 billion for the second quarter, down from $206 billion the period before. Share repurchases have help drive share gains during periods devoid of other positive market catalysts.

 

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at this stage, everything is in danger

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