The twelve bear events of 2024

Monday, 8 January 2024

The bear returns! Let’s kick off with The Market Ear.

The big fade

The sales desk at UBS nailed the buyback “delta” set up during the autumn. They are cautious here: “Corporate Buyback seasonality continued to trend lower, now $15bn for the next two weeks. It then drops to $0bn per week from the end of Jan to early Feb.”

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.