Nov. 4 at 9:47 PM
Goldman: Our flows last week remained active & in line w/ the prior month finishing 1.6x vs 2024 YTD ADTV & 1.8x vs 2023 YTD ADTV skewed toward Tech, Financials, & Consumer Discretionary.
We are moving through our open window period w/ the window est'd to run thru to Dec 19. As of today, we est +70% are in open window w/ +85% in open window by the end of the week.
Moving into Nov, this has historically been the 2nd most active month on our desk. We expect these elevated flows to continue as companies enter discretionary orders in this open window and look to meet year end buyback goals.
3 consecutuve weeks saw buybacks up y/y & accelerating from the previous week, something not seen regularly since March
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