The bounce thesis gets tested….but still holds
Some (new) marginally bearish bullets
Goldman attacking the pillar this bull stood on
"We cut our buyback growth forecast to +5% in 2022 ($965 billion) and -10% in 2023 ($869 billion). We expect buybacks will decline by 10% year/year. Following the collapse in cash M&A YTD, we expect a slight rebound in 2023 (+3%)"