Goldman Sachs, the Buyback King?
Goldman Sachs, one of the very few giant financial services companies left, is intending to do the first mega buyback program that will exceed One TRILLION dollars into 2025. Gasp.
So the chart shows the initial buybacks commencing and the support of its stock price during the very dicey sideways trend.
The company reports earnings Monday, April 15. Enough time to catch another swing run to earnings if the current consolidation breaks out to the upside.
GS is a Sell Side Institution and admits it is heavily vested in 
NVDA and other big tech stocks at this time. GS benefits from higher interest rates holding through this year.
So the chart shows the initial buybacks commencing and the support of its stock price during the very dicey sideways trend.
The company reports earnings Monday, April 15. Enough time to catch another swing run to earnings if the current consolidation breaks out to the upside.
GS is a Sell Side Institution and admits it is heavily vested in NVDA and other big tech stocks at this time. GS benefits from higher interest rates holding through this year. 
Martha Stokes, CMT
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