RE:RE:RE:RE:RE:RE:If your selling Suncor......jx: Thanks for posting the link to a very worthwhile read.
The following was the main takeaway for me:
"Deutsche Bank analysts also expect buyback volume to rise next year. “Rising earnings should propel gross buybacks to a record trillion dollars in 2022,” the analysts wrote in a Deutsche Bank Research note dated Dec. 10."
Also:
"Buyback volume may rise to around $848 billion in 2021, which would exceed the record $806 billion seen in 2018"
One thing I hadn't considered in looking forward to 2022 market performance was the impact that buybacks could have on the overall market.
We have recenly witnessed the impact of SU buying via its NCIB on the SU share price now that the NY Pro desks appear to have stopped shorting the crapp out of SU.
The potential 1% tax levy on share buybacks in the States won't move the needle when it comes to buybacks, so one would think that a Trillion dollars in buybacks would play a role at mitigating the negative effect of increasing rates in 2022. I don't know how much, but it is a factor.
I would like to hear Experienced's (our resident economist) opinion on if a Trillion dollar buyback forecast influences his outlook on the market if at all.