Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Bryn Mawr Trust CIO Jeffrey Mills lists where to put money to work as Wall Street copes with trade war and recession jitters.Futures Nowread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
In April, U.S companies said they would buy back $141 billion worth of their own stock, the largest repurchase authorization ever for a single month. Corporate announced buybacks are now on pace to hit $1.2 trillion in 2015, nearly 40 percent higher than the previous record year.
The data from Birinyi Associates indicate that in its sixth year of existence, the single biggest factor for keeping this bull market going is the purchase by companies of their own equity. Actual investors have yanked money out of the U.S. stock market this year.
If you're a trader, the buyback activity should be looked at as a short-term bullish sign, which can be exploited through buying the stocks of companies with the biggest repurchases underway. These stocks are below.
But longer term, strategists warned this buyback bubble, which is fueled by cheap borrowing, could end badly if the Federal Reserve raises rates. And given that the last repurchase record was just before the financial crisis, it's possible this marks a bull market top.