Back in May, when the world was still wondering who would step in and bid up US stocks now that the Fed has, if only for the time being, stepped away from indirectly monetizing $1 trillion in US risk every year courtesy of a POMO a day (keeping the short sellers away), we revealed that mysterious buyer’s identity: the stock-issuing companies themselves by way of record amounts of stock buybacks, which – funded with new debt issuance – have re