Corporate America Is Set to Save Stock Market Rally, Goldman Sachs Says
- US buybacks will likely drive equities higher in May, June
- CTAs poised to buy in every scenario over next week: Rubner
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The biggest buyers of US equities, American companies, are back in the market and ready to drive the next leg of the stock market rally, according to Goldman Sachs Group Inc.
About a sixth of the $934 billion in estimated share repurchases this year are expected get executed in May and June, the firm’s ’s tactical specialist Scott Rubner wrote in a note to clients Tuesday. More than $550 billion worth of authorizations have already been done by companies so far this year, he added.