Buybacks, Inflation Targets, and CLOs

(1) Buybacks by the numbers and the sectors. (2) Buybacks explain overall market performance better than sector performance. (3) No contest: Stay Home beating Go Global since start of bull market. (4) Trade issues weighing on EU, China, and Mexico. (5) Strong dollar (attributable to Fed’s rate hikes and Trump’s “America First” campaign) is weighing on EMs. (6) Fed and ECB hit their inflation targets. Now what? (7) Should we worry about CLOs? (8) Movie review: “Sicario: Day of the Soldado” (+).