Money-market funds
Institutions and investors together have a record $5.7 trillion parked in cash-like money-market funds, many of which are yielding above 5%,
Some on Wall Street see the cash as a bullish signal and a potential tailwind for stocks and bonds if the inflation outlook continues to improve.
Others say some of that money has simply shifted to higher-yielding money markets from traditional bank accounts. They question the idea that the money is waiting on the sidelines and ready to enter the market.
WSJ 26 November 2023
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