Alphabet issues century bonds in the UK, a rarity since Motorola’s 1997 sale that some say signals market top. Mag 7 lose buyback floor. “I’m willing to go bankrupt rather than lose this race.”
This is a serious problem for the Mag 7. Share buybacks always put a floor on how low these stocks could drop. It gave their shares a steady bid every quarter How do their stocks stay valued at $4 trillion …