Texas Legacy Wealth Management Blog
Who’s been buying shares of company stock?
Since the start of the bull market in 2009, U.S. companies have been buying their own stock. Stock buybacks peaked during the first three quarters of 2016 and have dropped off sharply since then, reports Financial Times citing a report from Goldman Sachs.
The first half of 2017 is in the books, and what a great start to the year it has been with the S&P 500 rallying about 8% (seen in the chart below), lead by the technology and healthcare sectors. While news headlines have created a constant distraction, particularly on the political front, the stock market has been steady as evidenced by remarkably low volatility.
It has been a very good year, so far.
Through the end of last week, the Standard & Poor’s 500 Index posted 24 record highs and delivered returns in the high single digits. The MSCI World ex USA Index was up more than 11 percent, and the MSCI Emerging Markets Index gained more than 17 percent.