S&P 500 Buyback Surge Fuels Record Highs

The S&P 500 reached a new intraday record high as investors engaged in significant buybacks, reaching a staggering $1.5 trillion, according to JPMorgan Chase data on September 11th. This surge indicates ongoing market buoyancy despite low initial public offering (IPO) activity and suggests that the stock market is supported by shrinking equity supply. Analysts predict this trend will result in a record-breaking total of $1.9 trillion in buybacks by 2025.