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Posted by
Two Blokes May 7 -
Filed in
General
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#TwoBlokesTrading
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9 views
We see increasing evidence of hubris in the equity market as the S&P 500 Index (SPX) continues to defy rapidly deteriorating U.S. macroeconomic fundamentals. Corporate America is aggressively buying back shares, with April's announced buybacks reaching US$233.8 billion, the second highest since 1984.
