
The Kobeissi Letter|May 05, 2025 19:02
JUST IN: Money market fund assets under management have hit a record 7.4 trillion.
This now reflects ~15% of the S&P 500's market cap, up from 13% in February.
Over the last 2 years, total assets have risen by a whopping 2 trillion.
This is despite the Fed cutting rates by
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