๐จ BREAKING: US Money Market Funds Hit Record $6.75 Trillion ๐ฐ๐
Key Highlights:
โข ๐ Record Growth: Total net assets in US money market funds have doubled over the last 5 years, reaching $6.75 trillion.
โข ๐ Fed Rate Hikes Impact: Since the Fed started raising rates in March 2022, ~$2.2 trillion has flowed into these funds.
โข ๐ Rate Cuts, Still Growing: Despite a 100 basis point rate cut, capital continues to pour into money market funds.
โข ๐ Market Perspective: Money market fund assets now represent 13.1% of the S&P 500โs market cap.
โข ๐ฆ โHigher for Longerโ: The trend suggests investors anticipate sustained higher interest rates.
๐ข A significant signal of cautious investor sentiment amid economic uncertainty.
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