Buybacks and Trend-Followers Fuel November Stock Surge
• November stock rally boosted by company buybacks and trend following funds • Corporate buybacks last week were second-highest as percentage of S&P 500 market cap since 2010 • Second week in a row of high pace of corporate buybacks • Trend following funds adding to bullish bets according to UBS data • Buybacks and trend following fund bets providing big boost to November rally