The tumbling stock market is stuck in free fall without its most important safety net
Reuters/Mike Segar
- The US stock market is plummeting once again Wednesday as global trade-war tensions escalate even further.
- Unfortunately for bulls, US equities will have to recover without the use of a trusted strategy that has served as a safety net for the market.
If the stock market is to recover from its ongoing free fall, it'll have to do so without its most important buyer: companies themselves.
That's because this patch of equity weakness is occurring smack dab in the middle of the share-buyback lockup period that normally starts about five weeks before corporations release earnings. With most reports expected later this month, those companies are left paralyzed, unable to engineer the stock appreciation afforded by buybacks.See the rest of the story at Business Insider
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