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This One Factor Is Driving the Market's March to Record Highs

Stocks are a stone's throw away from retesting the January 2018 highs.
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Stocks are a stone's throw away from retesting the January 2018 highs.

Why?

Stock buybacks.

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That's the assessment from Kevin Kelly, CEO of Benchmark Investments.

He's bullish on the technology sector for the second half of 2018, as Amazon (AMZN) - Get Amazon.com, Inc. Report , Alphabet (GOOGL) - Get Alphabet Inc. Class A Report and Apple (AAPL) - Get Apple Inc. (AAPL) Report are poised to benefit from the holiday shopping season.