Can buybacks save the US stock market?
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Apart from retail investors, buybacks are the core support for the major reversal in U.S. stocks in April. U.S. companies announced $233.8 billion in buybacks in April, the second-highest amount since data began in 1984. This marks a significant turnaround compared to the $39.1 billion announced in March, which was the lowest level since October 2020. Year-to-date, buyback announcements have reached a record $665.1 billion, surpassing the previous high of $598.5 billion set in 2022
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