View: unnamed (7)_671.png (700×467)
unnamed (7)_671.png (700×467)
The percentage of assets (sum of equity, bond & money market assets) in money market funds is about ~17%. Goldman's excellent Matt Fleury asks why this should not go back to pre-ZIRP levels of 25%? That would take a $3.2tn to be reallocated from Equity + Bond fund AUM to MMFs. This is bigger than any buyback bid....
007 perky pooper
@TimKnight why would they move back into MMFs ? 2/15/23
Yep, what I said in my "epic post." Americans are overallocated to stocks, so bonds and/or cash *must* go up to fix that.
thanks tk, bfo rocks
- By: Tim Knight
- On: 2/15/23 7:01AM
- Viewed by 10 SocialTraders
- No ratings yet