Q3’te finans sektörü hisselerini satın alanlar sayısı 298’e düştü: 23 yıllık rekor düşük

Kısaca

298 adet benzersiz finans sektörü alıcısı, 23 yıllık rekorda en düşük Kayıtlar 2004’e uzanıyor; 2024’in üçüncü çeyreği önceki düşük seviyeye yaklaşıyor Piyasa beklentileri ve yatırımcı güveni küresel sermaye akımlarını etkileyebilir

Ana mesele

Q3’te finans sektörü kendi hisselerini satın alanlar sayısı 298’e düşerek 23 yıllık rekor düşük seviyeye indi

Ne değişti?

Bu düşüş, 2004’ten beri kayıt altındaki en düşük seviyeye yaklaşmasıdır

Beni nasıl etkiler?

Okuyucu, finans sektörü güveninde zayıflama belirtisiyle karşılaşabilir

Ne oldu?

Q3’te finans sektörü kendi hisselerini satın alanlar sayısı 298 olarak kaydedildi.

Neden şimdi?

Haber, kredi ve yatırım kararlarını etkileyebilecek mevcut piyasa belirsizliğiyle paralel ilerliyor.

Neden önemli?

Yatırımcı güveninin zayıflaması ve hissedar hareketlerindeki düşüş, finansal koşulları etkileyebilir.

Kimler etkileniyor?

• büyük finans kuruluşları
• yatırımcılar

Sektör ve piyasa etkisi

Finans ve hisse senedi piyasalarında kısa vadeli satış baskısı olasılığı artabilir.

Riskler

• düzenleyici baskılar
• piyasa oynaklığı artışı
• kamu kredileri maliyetleri etkilenebilir

Takip edilmesi gerekenler

• özelleştirme ve birleşme faaliyetlerindeki hareketler
• hisse senedi talebindeki değişimler
• piyasa güveni göstergelerinin yönü

Haberin tamamı

As Wall Street’s biggest banks prepare for Q3 earnings starting next week, things have never looked better. Trading desks have been setting records. Blockbuster public offerings like SpaceX in June have also given bankers plenty of reasons to celebrate.

But are the people who know the business best starting to have doubts about how long the run can last? A new report from VerityData showed that the number of financial executives buying shares of their own companies fell to a nearly 23-year low during the July-to-September quarter, Fortune’s Morgan Chittum reports .

According to Ben Silverman, head of research at VerityData, there were just 298 “unique financial-sector buyers,” or employees who made at least one purchase of their company’s stock, in Q3. That was the lowest in the financial research firm’s records, which go all the way back to 2004, and also just under the prior record low of 302 buyers in the third quarter of 2024.

Trump keeps changing who gets his $5,000 dividend, and only 21% of voters believe he’ll actually pay it - Joshua Hong

Gen Z is spending more on art than ever before. It’s a key piece of the Great Wealth Transfer, UBS says - Morgan Chittum

Wealthy Gen Zers’ quiet love of art collecting, revealed: They’re outspending boomers and millennials—but keeping their collections off Instagram - Nick Lichtenberg

Nvidia’s secret to retaining staff? No org charts, a flat structure, and two extra days off every quarter - Tamlin Magee

Meta VP: AI in advertising and the rise of the single-person billion-dollar company - Derya Matras

Hilton is betting on people in an industry that can’t afford to lose them - Sam Forsdick

How Marriott’s leadership pipeline is helping it navigate Europe’s hospitality talent shortfall - Ted Kitterman

Move over DINKs: SPLITs are the new financial power couple—they have two incomes, no kids yet and no joint bank account - Orianna Rosa Royle

The ultrawealthy are buying nearby homes to keep staff close—and Larry Ellison and Mark Zuckerberg are two examples - Sydney Lake

The price of gas is up and his poll ratings are down, but President Trump said he is prepared to double down on his war with Iran. The Pentagon is readying a new round of major combat operations targeting Iranian energy, infrastructure, and nuclear targets, Axios reported .

“I think the deal isn’t really something that I want to do, but they’re willing to offer us anything to stop,” Trump said late Wednesday, per CNBC .

An Israeli official suggested to Axios that the conflict might be delayed until after the midterms: "The discussion about possible resumption of major combat operations in Iran has increased. The chances of it happening before the elections is not high but we don't rule it out. After the midterms the chances of it happening increase significantly."

When asset prices rise—stocks, property—consumers feel richer (even though the gains are only on paper) and spend more. Normally, they report being happier, too.

As these charts from James Pomeroy and his team at HSBC show, consumer sentiment has plummeted despite the rising stock market and rising consumer spending. Why are Americans still sad when the stats show they have so much money? Because the stock gains, and the spending that follows, are being done by a narrow layer of rich people. The top 1% of Americans own more stock than the bottom 90% combined, and 59% of spending comes from the top 20% of consumers .

“Consumers aren’t feeling it,” Pomeroy said in a note to clients.

Stocks sold off globally this morning—all the major Asia and Europe indexes are down—and U.S. futures turned negative before the open in New York. The trigger: Rising oil prices and sovereign debt yields. The price of Brent crude went back up to $104 per barrel on news that President Trump was considering restarting the war with Iran. And the yield on France’s 10-year bond—which had declined over the last two days—headed back up to 4.92%. “Soaring bond yields in France are signaling a looming debt crisis,” Ed Yardeni and Elias Griepentrog of Yardeni Research told clients.

“In terms of the last 24 hours, it was clear that European contagion risk was back on the agenda, as there was a sharp widening in the spreads of multiple countries,” Jim Reid and his team at Deutsche Bank said in an email today.

“Crude oil prices and diesel prices are up,” UBS’s Paul Donovan noted. “Bonds and equities do not like this. Central banks have pretended that they can do something about oil prices, which worries investors. If central banks want to offset inflation from an oil shock, they need to create a recession (or near recession) in the non-oil economy via aggressively restrictive policy. That does not favor bonds or equities.”

It’s not news that the stock market is increasingly owned by “passive” exchange-traded and index-tracking funds. But this chart from Bank of America’s Savita Subramanian shows just how dominant own-it-all investors are becoming in stocks. The “brain and asset drain from active equity to passive and private equity” may mean the market trades more on momentum than “fundamentally driven price discovery,” she says.

“Passive funds in the U.S. surpassed active funds in assets under management in 2020,” according to Joachim Klement of Panmure Liberum, who recently published this chart from Hannah Unterberg at UC Irvine. “The outflows from active funds in the U.S. have been relentless and pretty much nonstop since 2008.”

Going into the Q3 earnings season, analysts are so optimistic that S&P 500 companies will beat consensus expectations that they may be too optimistic for their own good, according to Saxo’s Charu Chanana. Simply beating consensus estimates will not be enough if the expectation is that stocks will, again, beat the consensus.

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Kaynaklar

• Fortune