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