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- "The corporate buyback window reopens this week with more than $1 trillion of announced authorizations"
"The corporate buyback window reopens this week with more than $1 trillion of announced authorizations"
DC Lite #660
Welcome back to DC Lite: Daily Chartbook’s free, entry-level newsletter containing 5 of the day’s best charts & insights.
1. CPI. Using more real-time shelter data, CPI and core CPI drop to 2.5% and 1.5% YoY, respectively.
2. USD positioning. "Speculators are heavily long on the dollar; usually, that's not a good sign."
3. MCG & Tech positioning. "Investors have rushed back into Mega-Cap Growth and Tech, pushing positioning to the 95th percentile. The trade is now firmly overweight, but not quite at the June and last October highs".
4. Buybacks. "The corporate buyback window reopens this week with more than $1 trillion of announced authorizations, the largest amount on record at this point in the calendar ... Buybacks should exceed equity issuance and continue to absorb supply."
5. AI spend. "American companies continue to ramp AI spend. In July, the top 1% of businesses spent a median $7,400 per employee on AI. The top 10% spent $650. The median firm spent $11.95 per employee."
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