US money-market funds just hit a record $8T, a mountain of cash waiting for a home.
Shared via https://pullthatupjamie.ai
US money-market funds just hit a record $8T, a mountain of cash waiting for a home.
Shared via https://pullthatupjamie.ai
A mountain of money that doesn't want duration risk, has no reason to to move out the inverted short end and doesn't yet understand they will print whatever amount is necessary to backstop the insane PE ratios of the Mag 7.
