Trillions Sits Out Stock Rally As Money Fund AUM Balloons

When will money market funds start to drain? I'm a little weary of that question by now. It's topical, yes. The Fed'll probably be three or four cuts into an easing cycle by this time next year, which means the relative attractiveness of cash as an asset class should be diminished. That's assuming, of course, there's not some manner of meltdown that sends everyone scurrying (back) to the sidelines. And yes, you can make the case that a portion of the several trillions currently biding time (lu