COMMENTARIES ARCHIVE

Share Buybacks: Financial Sleight of Hand or Legitimate Capital Allocation Tool?

January 31, 2020

As the longest-running bull market in history approaches the 11-year mark, share buyback activity among S&P 500 index constituents remains near all-time highs.

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What is risk?

August 16, 2019

More than ten years after the Global Financial Crisis the U.S. equity market remains in a bull market phase despite mounting evidence that the current global economic expansion is facing an increasing number of headwinds. Some have suggested that the recent spike in stock market volatility is indicative of a riskier environment for equity investors - driven by growing unease around the sustainability of the current economic cycle.

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