Dynamics Between Buybacks, Margin Debt, Foreigners’ Purchases Of US Stocks And Extended Multiples
June 17, 2021 at 05:00 AM EDT
Buybacks made a comeback in 1Q21. Nonetheless, they are no longer as strong a tailwind for equities as they were in 2018 and 2019. Margin debt and foreigners continue to support stocks, and will pose problems once they turn.