1.Slight Volatility Change 2018 vs. 2017…..S&P 22 1% Moves in First Quarter.
1.Dwindling Public Stock….In the Past 20 Years, U.S. Companies Purchased Back $3.6 Trillion More Than They Offered
Over the past two decades, U.S. companies bought back vastly more stock than they issued. On net, according to a new paper by Craig Doidge and colleagues, companies purchased $3.6 trillion more stock than they offered. Stock buybacks are a perfectly appropriate way to return value to shareholders, but the disparity is still surprising.
1.This Week is the Largest Supply of U.S. Debt Sales Ever.
A Big Test for BondsThis week’s planned $294 billion of U.S. debt sales — the largest slate of supply ever — point to “a volatile near-term path for the Treasury market,” according to Bank of Montreal. The auctions begin with Monday’s $30 billion two-year note sale, which will be the biggest since 2014.
1.IVV Second Largest ETF Behind SPY-Big Redemptions Last Week..Over 3% of Assets in One Week.
From Ned Davis Research… www.ndr.com