What's Driving US Equity Markets ???

Speaking of "parasites", take a look at this report:

Repurchases are the only remaining drivers of US equity markets.

US companies are increasingly buying back their own shares. Executives and other insiders, however, have been selling for weeks.

The volume of announced stock repurchases in the US has risen sharply. As the analysis portal TrimTabs reported, the announced purchases of own shares in the second quarter had massively expanded to about $ 436 billion. This nearly doubled the quarterly record of the first quarter of 2018 of about $ 242 billion.

In the first half of the year repurchases amounted to about 680 billion - which would mean an unprecedented peak of about 1.3 million dollars in the view of a year. At the beginning of the current year, the US bank JP Morgan caused quite a stir when it estimated the total volume of purchases expected in the current year at around $ 840 billion.

You can read the rest @
https://deutsche-wirtschafts-nachrichten.de/2018/07/23/rueckkaeufe-sind-einzig-verbliebene-treiber-der-us-aktienmaerkte/ [translation required]

Here is my take on this:

• Insiders know the Fed's interest rate hikes eventually will drive the markets down, so they want to sell out now; and
• In the long run they're screwing their own companies, but they really don't give a damn. The 0.01% never do.

https://youtu.be/ponsKbTODNM