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The Game Has Changed

The Compound and Friends

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Buybacks Are Holding Up at 6.8% of Revenue

Therebybacks played a huge role in the market this year without them. Buybacks are holding up at 6.8% of revenue, but we may have reached the peak for this cycle. Oil has basically round-trip to where it was in January of 2022, though nothing ever happened as far as valuations were concerned.

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