U.S. money fund assets hit highest since Dec 2009

Reuters/Richard Leong

“U.S. money market fund assets rose to their highest level since late 2009, as investors poured more cash into these low-risk accounts even while major Wall Street indexes reached record peaks on hopes for rate cuts from the Federal Reserve, a private report released on Wednesday showed.”

USAGOLD note:  This trend to safety has been largely overlooked. There is now about $3.25 trillion, according to this Reuters’ report, on the sidelines in money market funds – an indication of investor uncertainty, caution, fear. . . and liquidity.

Repost from 7-10-2019

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