One factor that could prop up stocks

  Friday, Nov. 11, 2022 One factor that could prop up stocks Hey traders, it's Garrett During his live session on Friday, Chief Investment Strategist Shah Gilani discussed an important factor that could help prop up stocks in the coming weeks. As usual, it's an angle that few are talking about besides Shah. Shah pointed out that publicly traded companies are prevented from buying back their own stocks around their quarterly earnings reports. They essentially have to put their buyback programs "on hold" for a short period to avoid any potential funny business, though I'm sure they can find other ways to do that, amirite. But earnings season is mostly over now, and as we move toward the end of the year, we can expect to see these stock buybacks start to pick back up again. In fact, Goldman Sachs issued a study showing that we could see $5 billion in stock buybacks EVERY DAY until the end of the year. A lot of this will happen during early December. Will this burst in buybacks be enough to lift the market? Well, it's hard to say right now. It may be the case that it's a stock-by-stock thing and we need to look closer at specific buyback plans to pick our spots. But for now all we can do is collect the information and be ready to react. At the very least, it's one point on the board for short-term bulls. But as we have been saying FOR MONTHS: don't confuse short-term pops with a return to long-term bullish conditions. Shah's target on a short-term move higher for the S&P 500 Index (SPX) is the 200-day moving average, currently located near the $480 level. You can find Shah's [free replays here](. More on CPI... We kicked off Friday's show with an in-depth conversation about this week's consumer price index (CPI) report and what it could mean for the markets. Check out the discussion below... [Bear market over? Reacting to CPI!]( In this clip they mention my take on the CPI, and for now what I'm pointing out that this "cooling" in the inflation report was almost entirely due to the decreases in used cars and apparel. Almost everything else WENT UP. Diesel, for example, had its biggest jump in three months and heating oil is up 20% year over year. We'll be talking about this PLENTY next week, stay tuned. Keep an eye on your inbox for more insights and analysis until then. I hope you all have a good weekend! Talk to you soon. Garrett {NAME} Executive Producer, Money Morning LIVE   [5 Ways to Beat the Fed (and Crush Inflation)]( The U.S. government printed $8 trillion, gave you $1,400, sent the rest to their friends, and now… you’re the one that’s left holding the bag. [Go here to give the Fed the finger]( You are receiving this e-mail at {EMAIL}, as part of your subscription to Money Morning LIVE. To remove your email from this list, [unsubscribe here]( or manage your Money Map Press [Email Preferences](. To cancel, or for any other questions or requests, please contact our Customer Service team: [Online]( Phone: 888-384-8339 (North America) 443-353-4519 (International) Mail: Money Morning Live | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 Fax: 410-622-3050 Our Customer Service team is available Monday - Friday between 9:00 AM and 5:00 PM ET. © 2022 Money Map Press. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Money Map Press. 1125 N Charles Street, Baltimore, MD 21201. [Website]( | [Privacy Policy]( | [Terms & Conditions](