Stock Buybacks Enter Blackout Period; Retail Only Buyers Left

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by Tyler Durden
Monday, Dec 11, 2023 - 08:25 PM

Back at the start of November, when the S&P was at 5 month lows and the prevailing mood among the Wall Street analyst momentum-chasing echo chamber was apocalyptic, we said that there are five chief reasons why stocks are poised for a face-ripping rally...

.... one among them being the imminent arrive of some $5 billion in daily stock buybacks (a number, which we have since learned was on the low side, as November was a month when buybacks set blowout records).