Share buybacks of S&P 500 index stocks fell 20% in the second quarter of 2019, according to Sean Darby of Jefferies. Buybacks have slowed since hitting a record $1.1 trillion in 2018 — a surge that was fueled by tax cuts. The more than 10-year bull market has been largely supported by share buybacks as companies have boostesd share prices by buying back their own stocks. Read more on Markets Insider. One of the biggest forces supporting the 10-year bull market is beginning to slow down.
Share buybacks of S&P 500 index stocks fell 20% in the second quarter of 2019, according to Sean Darby of Jefferies. Buybacks have slowed since hitting a record $1.1 trillion in 2018 — a surge that was fueled by tax cuts. The more than 10-year bull market has been largely supported by share buybacks as companies have boostesd share prices by buying back their own stocks. Read more on Markets Insider. One of the biggest forces supporting the 10-year bull market is beginning to slow down.