Void Left by Dearth of Buybacks Filled by Robinhood Traders

The decline in stock repurchases by U.S. companies is being partially offset by demand from retail investors, according to a recent article in Bloomberg. According to client note from Goldman Sachs Group strategists, “Broker data show a surge in retail equity trading activity,” and “Foreign investors and households will supplant corporations as the largest 2020 source of U.S. equity demand.” The trend stands in stark contrast to the previous four years, when companies reportedly spent… Read More