Investors look to buybacks to keep sharemarket afloat
The sharemarket started 2024 with a limp. But that could change this week as the US earnings season kicks off and companies start announcing their plans for share repurchases, something investors hope will help the market keep last year’s rally running.
Bulls may need the support, as hedge funds and retail investors are tilted defensively following the strong end to the year, with worries around the timing of the US Federal Reserve’s rate cuts adding to the caution.
Bloomberg
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