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the record run in the s&P 500 index since 2009

The paradox at the heart of the nine-year US stocks rally

November 2018

Stock buybacks and passive investing is a combination that should worry US equity bulls.

Writing in the Financial Times, senior multi-asset strategist Supriya Menon shines a light on the structural forces that have underpinned the US stock rally in recent years, and asks whether such trends might store up problems for the future. 

Supriya Menon Pictet Asset Management

And investors should know that the buyback trend is unlikely to reverse any time soon. – Supriya Menon, Senior Multi Asset Strategist

 


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