In the US, buybacks are expected to peak in the fourth quarter
In the third quarter of 2021, S&P 500 companies set a record for buybacks. In the fourth quarter, it will be surpassed, which will support the pre-New Year rally, writes The Wall Street Journal. The amount of repurchase by the largest companies in the third quarter reached $234.5 billion, in the fourth it is projected at $236 billion. By the end of the year, Microsoft, Hertz and Dell should buy large blocks of their shares.