Counting Shares

(1) Full plate. (2) Piecing the EPS puzzle with the share count. (3) Big bucks spent on buybacks. (4) Fed data on net equity issuance confirm buyback story. (5) Joe’s slice-and-dice. (6) Over past 10 years, S&P 500 share count flat, but down 7.8% excluding Financials. (7) Positive EPS impact of buybacks easier to see at the sector and company levels. (8) Stock count is down most sharply for Consumer Discretionary and IT. (9) OECD shaves some growth from global outlook. (10) Eurozone giving mixed signals.