Posted by racerick on 12th of Aug 2022 at 09:09 pm
Interesting - One thing I read last week that the window is now
open for corporate buybacks after earning blackouts and with the 1%
tax coming on them in 2023 that a big chunk of buying, think the
number was like $13byn/week potential for balance of year.
Goldman mentions in here
Interesting - One thing I
Posted by racerick on 12th of Aug 2022 at 09:09 pm
Interesting - One thing I read last week that the window is now open for corporate buybacks after earning blackouts and with the 1% tax coming on them in 2023 that a big chunk of buying, think the number was like $13byn/week potential for balance of year. Goldman mentions in here
https://www.zerohedge.com/markets/hedge-fund-bears-capitulate-unleashing-biggest-net-buying-short-covering-goldman-prime-may
zerohedge.com
Hedge Fund Bears Capitulate, Unleashing Biggest Net Buying And Short Covering At Goldman Prime Since May | ZeroHedge
"As the market rally continued and broadened out post CPI print yesterday, the overall US Prime book saw the largest $ net buying in more than 3 months, driven by long buys as well as short cover."