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But we saved everything 🙂.
For the first time in twenty years, with the brief exception of the global financial crisis, GMO states that the U.S. stock market is experiencing net dilution, where share issuance is surpassing share buybacks as hyperscalers continue significant capital expenditures.
Gunjan Banerji posted this assessment, citing GMO's observation on recent developments in the U.S. equity market.
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Gunjan Banerji has recently highlighted key market developments in her reporting. Earlier this year, she noted that GS expected most FOMC members could consider pausing rate hikes after March, based on improved inflation data (full article). In a separate analysis, Banerji relayed BIS commentary on circular financing during the late 1990s telecom boom, drawing comparisons to vendor-led funding in emerging sectors (full article).