TBUX - Money Market 'Cash On The Sidelines' - A Myth That Won't Die
2024-01-26 23:17:00 ET
Summary
- The surge in money markets since the “pandemic” has revived the age-old narrative that “money on the sidelines” is set to come into the markets.
- The current equity to money market asset ratio, although down from its record, is still above all pre-financial crisis peaks.
- Since the “Great Financial Crisis,” one of the primary uses of corporate “cash on the sidelines” has been for share repurchases to boost earnings.
As money market account balances soar, the mainstream media again proclaims, “There is $6 trillion of cash on the sidelines just waiting to come into the market.” ...
Money Market 'Cash On The Sidelines' - A Myth That Won't Die