Grazing Bulls

(1) Buybacks booming. (2) A corporate finance model explaining buybacks. (3) S&P 500 buybacks + dividends = $6.9 trillion since start of bull run. (4) Beware of fake news on trade. (5) No sign of global slowdown in S&P 500 forward revenues. (6) Forward earnings at yet another record high. (7) Animal spirits remain animated. (8) Four regional Fed surveys upbeat in June. (9) CEOs remain upbeat. (10) Small business owners say best outlook for expansion on record. (11) Mirror, mirror on the wall: Is the US the fairest trader of them all? (12) Aluminum and steel tariffs aren’t negotiable since they are a matter of national security. (13) Not just about tariffs. (14) A correction on Google’s P/E.