US Markets Wrap: Are Buybacks Back? And are Buybacks Good or Bad?

After falling to their lowest level last year, the total number of announced global corporate buybacks has been improving throughout this year. With the Federal Reserve cutting interest rates by a half point two weeks ago, buyback activity is likely to pick up, and continue the upward trend seen thus far in 2024. Matt Maley, Chief Market Strategist at Miller Tabak shares what he's taking away from the recent buyback action. He also dives into the latest oil price movements and his sentiments on the earnings guidance given the recent jumbo rate cut by the Federal Reserve.  Presented by: Ryan HuangProduced & Edited by: Yeo Kai Ting ([email protected])Assistant Producer: Chua Meng ChoonPhoto credits: pixabay & its talented community of contributors  See omnystudio.com/listener for privacy information.