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Wall Street: Investors look to share buybacks to keep sharemarket afloat

As the US earnings season kicks off and companies start announcing plans to repurchase shares, some pundits hope it will keep last year’s rally running.

Investors are looking to share buybacks to keep US stock market afloat

Bulls may need the support, as hedge funds and retail investors are tilted defensively following the strong end to the year, with worries around the timing of the Federal Reserve’s rate cuts adding to the caution.

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