BofA warns: In a single week 166400000000 USD poured into money market funds; cash may not flow back into stocks before rate cuts
As of October 7 the week, money market funds attracted 166400000000 USD in inflows, the largest amount in a single week since 2020 years April. Michael Hartnett said that, before sustained and substantial rate cuts, cash may not flow back into stocks on a large scale.