Many on Wall Street worry that stocks are bound to fall meaningfully in the short-term. But one factor counters that gloomy narrative: cash returns to shareholders.
Most market analysts see the S&P 500 tumbling through the end of the year. Some are calling for a correction, given that valuations are high, especially if bonds yields resume climbing. Many highlight a potential increase in corporate taxes or continued supply-chain problems as notable risks to earnings, the fuel behind gains in stock prices.
Yet the picture isn’t entirely bleak. While net income for companies....More>>>