What happens to the money that people who sell during stock buybacks realize? If public stocks are mainly going up due to that, the money must be going into some other assset class or consumption, right? How does the equation balance?
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Seems reasonable enough. FWIW I usually think of buy-backs in a company-specific fashion. A company's buyback program drives up its stock price as a result of EPS growth, improved capital structure, and increased scarcity of the stock
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That’s normal conditions. Now it’s correlated across the economy due to easy fed money
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