The Shifting Supply-Demand Balance in Markets

The video discusses the issuance era's impact on deal-making and market trends, highlighting a shift in supply-demand dynamics. It examines historical instances where buybacks coincided with market actions, such as Vol Mageddon. The discussion extends to corporate cash strategies, questioning the sustainability of buybacks amid high stock valuations and market dependency on these actions.

What are the implications of the shift from stock buybacks to issuing stock in the current market?

How do seasonal trends affect corporate buybacks during the summer months?

In what ways have corporate buybacks historically coincided with market price action?

What factors should corporations consider when deciding whether to buy back stock at high valuations?

What are the potential consequences if corporations reduce their buyback activities?