A surge in earnings, in particular among the magnificent seven, is expected to drive a 13 per cent increase in buybacks by S&P 500 companies to $US925 billion ($1.4 trillion) in 2024, according to Goldman Sachs.
Goldman had previously forecast a 4 per cent increase in 2024. It is forecasting another 16 per cent increase in 2025 to $US1.08 trillion. Repurchases fell 14 per cent in 2023, the second-largest annual decline since the global financial crisis.
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Timothy Moore writes on monetary policy, equities, commodities and currencies. He is the overnight markets editor and writes Before the Bell. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
