"US companies have announced $105 billion in planned share repurchases in the first seven days of February, surpassing the full-month tally in January. It’s the strongest start to a February ever... and the second-best start to a year after 2023."
The Chinese leaders are trying hard to stop the market bleeding. After watching major indices fall 30% just in 2024, Xi jinping himself has stepped in to appoint new leaders for market supervision and provide solutions to the selling frenzy.
"At a forward P/E of 28.3 currently, the MegaCap-8 aren't cheap, but they are cheaper than during the pandemic. With and without them, the S&P 500 forward earnings is 20.1 and 17.7."
