Amazon, Microsoft, Alphabet, Meta and Oracle issued roughly $200 billion of investment-grade debt in the first half of 2026…almost double what they issued in all of 2025. Tech now accounts for about 20% of new U.S. investment-grade issuance, and its share of the IG market has been rising. Does that change how you think about diversification? If the same AI companies are becoming a bigger part of both stocks and bonds, where would you look for exposures that behave differently? Source: JPMorgan,
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