Latest / Thoughtful Money with Adam Taggart
Blackout Of Stock Buybacks Threatens Bullish Run | Lance Roberts & Adam Taggart
As Q1 concludes, corporations are starting to enter the blackout period preventing them from buying back their stock until they've released their quarterly earnings (weeks away for most companies) That temporarily removes THE most important buying support for shares. Combine that with other expected net liquidity reductions in Q2, such as the end of the Bank Term Funding Program (BTFP) and the Reverse Repo Program (RRP) running dry, and think could get quite bumpy for financial assets. After all, Lance has been expecting a ~10% correction for a while now, and the markets have only moved…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.