Nov 11 2019
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S&P 500 YoY Growth - Buybacks vs. Capex and R&D

Buybacks were down 10% in 3Q 2019, but it’s good news to see that capex and R&D were up 8%.

Image: Goldman Sachs Global Investment Research

S&P 500 YoY Growth - U.S. Buybacks vs. Capex and R&D