FYI: U.S. corporations are repurchasing their own shares at the slowest pace in 18 months, a potential sign of more volatility ahead as the buyback bonanza from the corporate tax overhaul wanes.
Companies in the S&P 500 repurchased about $166 billion of their own stock in the second quarter, S&P Dow Jones Indices projects, down from $205.8 billion in the first quarter and $190.6 billion in the same period a year ago. That marks the lowest total since the fourth quarter of 2017 and the second consecutive quarter of contraction
Regards,
Ted
https://www.wsj.com/articles/slowing-share-buybacks-remove-a-pillar-of-stock-market-11566379801
