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But we saved everything 🙂.
Jurrien Timmer highlights that the era of corporate buybacks, which began in the mid-2000s and played a significant role in the secular bull market since 2009, may be ending.
He notes that since 2023, share counts have been rising and buybacks are now falling, raising questions about whether the period of de-equitization is coming to a close.
Timmer has previously commented on trends across asset classes. He indicated that Bitcoin may be entering an accumulation phase as the price nears its $60,000 support line. In a separate analysis, Timmer questioned whether semiconductor stocks are experiencing a cyclical trend or a more enduring shift driven by AI demand. His recent remarks on buybacks follow a string of observations on sector-specific market drivers.