Goldman Sachs has reported a significant increase in corporate buyback demand, with expectations of $17 billion in daily flows from systematic funds and corporates during what is considered the most illiquid week of the year. This surge in demand is anticipated to drive the S&P 500 Index to new all-time highs, further fueling investor fear of missing out (FOMO). The V-shaped recovery is also contributing to momentum-driven long positioning in US equity markets. According to Scott Rubner, managing director for global markets at Goldman Sachs, these buybacks and CTA flows are expected to continue until mid-September, following a dovish pivot on interest rates by Powell. The corporate buyback desk at Goldman Sachs noted its largest weekly demand of 2024 last week, with strong activity expected ahead of the next blackout window on September 13th. Additionally, when a dollar flows into an index, 36 cents of that dollar are now going into the top 10 names.