Fewer Stock Buybacks: An Effect of Higher Interest Rates

Corporate America may be more inclined to hold cash as a hedge, which would imply fewer buybacks.

Fewer Stock Buybacks: An Effect of Higher Interest Rates

“More cash means more interest as a way to boost your earnings, especially if the macro condition is deteriorating,” Alec Young from MAPSignals tells Bob Pisani, CNBC Senior Markets Correspondent.

Young also provides a list of “S&P 500 Cash Kings,” companies with the largest cash hoards.