In the first half of August, up to $90 billion flowed into money market funds, pushing the total amount in these funds to a record high of $6.2 trillion.

This surge in money market fund assets is attributed to expectations that the Federal Reserve will end its period of tightening monetary policy and high interest rates, which could lead to decreased bond yields. As a result, institutional investors are shifting their funds in search of better returns.

Large investors are beginning to move cautiously, avoiding a rush into the stock market. Instead, they are waiting for the optimal moment to deploy their capital.