Topley's Top 10 - August 21, 2020

1. Stock Buybacks Down 46% In 2^nd Quarter…Lowest Since 2012.

Dave Lutz at Jones Trading —Provisional figures show the total spent on buybacks by companies in the S&P 500 was about $89.7bn, according to S&P Dow Jones Indices, down 46 per cent from the same quarter last year.

PKW Buyback ETF -11% vs. SPY +5%

www.yahoofinance.com

2. High-Yield Bond Trading Volumes Have Returned to Normal Levels.

Guggenheim

https://www.guggenheiminvestments.com/perspectives/sector-views/high-yield-and-bank-loan-outlook-august-2020

3. U.S. Dollar Weakness….Dollar About to Break Thru 200 Day Moving Average on Chart…Falling Back to 2018 Levels.

UUP-Dollar right on 200 day moving average long-term weekly chart

www.stockcharts.com

Topley’s Top 10 – August 21, 2020

1. Stock Buybacks Down 46% In 2^nd Quarter…Lowest Since 2012.

2. High-Yield Bond Trading Volumes Have Returned to Normal Levels.

3. U.S. Dollar Weakness….Dollar About to Break Thru 200 Day Moving Average on Chart…Falling Back to 2018 Levels.

4. Technology Equipment Spending Rose to a Record 50% of Total Capital Spending During 2^nd Quarter

1. Stock Buybacks Down 46% In 2nd Quarter…Lowest Since 2012.

2. High-Yield Bond Trading Volumes Have Returned to Normal Levels.

3. U.S. Dollar Weakness….Dollar About to Break Thru 200 Day Moving Average on Chart…Falling Back to 2018 Levels.

4. Technology Equipment Spending Rose to a Record 50% of Total Capital Spending During 2nd Quarter

1. Stock Buybacks Down 46% In 2^nd Quarter…Lowest Since 2012.

4. Technology Equipment Spending Rose to a Record 50% of Total Capital Spending During 2^nd Quarter