DrStool Posted August 1, 2018 Report Share Posted August 1, 2018 How much did buybacks boost the market in Q2. WSJ says about the same as Q1 record $189 billion, if I read that correctly. Companies in the broad index bought back $189 billion in the first quarter, according to S&P Dow Jones Indices, and are on pace to be about flat in the second quarter. https://blogs.wsj.com/moneybeat/2018/07/31/apple-drives-stock-markets-buyback-spree/ It was a one time windfall, thanks to the corporate tax reduction. That's a lot of spending to not drive the market to new highs. Link to comment Share on other sites More sharing options...
DrStool Posted August 1, 2018 Report Share Posted August 1, 2018 Regardless of what they say here, there's one fact that stands out. This is the tightest monetary policy in the history of the world. Link to comment Share on other sites More sharing options...
DrStool Posted August 1, 2018 Report Share Posted August 1, 2018 The change in corporate tax rates have delayed the inevitable. Repatriating all that cash was a one shot deal. It's done. Link to comment Share on other sites More sharing options...
Jorma Posted August 1, 2018 Report Share Posted August 1, 2018 You know if a war would start there is no way the Fed will continue with QT. It is sometimes forgotten that in the months after 9/11 Greenspan made something like 25 visits to the White House. Just saying. Link to comment Share on other sites More sharing options...
DrStool Posted August 1, 2018 Report Share Posted August 1, 2018 Flat squeeze. Link to comment Share on other sites More sharing options...
sandy beach Posted August 1, 2018 Report Share Posted August 1, 2018 Not much of a reaction to the Fed statement yet. Link to comment Share on other sites More sharing options...
DrStool Posted August 1, 2018 Report Share Posted August 1, 2018 Support line cluster 2805-08. Then 2803, 2799-2800, 2790. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted August 1, 2018 Report Share Posted August 1, 2018 A close below 2800 would kick this downward decline into high gears... No change on the remaining short from 2820... Link to comment Share on other sites More sharing options...
I_Am_Madness Posted August 1, 2018 Report Share Posted August 1, 2018 Not much of a reaction to the Fed statement yet. The days after fed meeting the markets been down big 3 out of the past 4 announcement. Jan - SPX 2840 to 2540 -- -300 points March - SPX 2760 to 2560 -- 200 points May - SPX 2660 to 2600 -- 60 points June - SPX 2800 to 2700 -- 100 points If history is a guide, we should trade down in the coming weeks to 2700 area. Link to comment Share on other sites More sharing options...
DrStool Posted August 1, 2018 Report Share Posted August 1, 2018 resistance 2814 and 2819. Link to comment Share on other sites More sharing options...
Jorma Posted August 1, 2018 Report Share Posted August 1, 2018 Half kidding I'm looking for support in the 2420 area. That was the low on 8/21/17 the day of the total eclipse and that was a six week low. Link to comment Share on other sites More sharing options...
aussiebear Posted August 2, 2018 Author Report Share Posted August 2, 2018 ---> Traipsing Thursday http://www.capitalstool.com/forums/index.php?showtopic=13292 Link to comment Share on other sites More sharing options...
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