Doing God’s Work

(1) Driving the bull. (2) Goldman is bullish on M&A business. (3) Blankfein is still doing God’s work. (4) Drivers of M&A remain healthy. (5) Melissa reviews the Treasury’s measures to close M&A tax loopholes. (6) Buybacks and dividends continue to be bullish. (7) Positive spread between forward earnings yield and bond borrowing rate fueling buybacks. (8) For S&P 500, buybacks plus dividends exceed operating earnings for first time since 2009.