Goldman's Kostin Expects Fewer Buybacks Next Year

The video discusses the impact of a strong dollar on US companies, highlighting that 70% of revenues are domestic, with tech companies being more affected due to overseas sales. It examines the role of corporate buybacks as a major demand source for US shares, predicting a decline in buybacks in 2023. The discussion also covers earnings expectations, noting potential declines in a recession scenario, and the challenges companies face with higher inflation and weaker margins.

What are the implications of lower earnings growth expectations for the stock market?

How do inflation and higher costs affect company margins and earnings?

What factors contribute to the downward pressure on margins as discussed in the text?