Money Fund Assets Near $7 Trillion On Massive Inflow

Two weeks back, I wondered aloud if we were witnessing the early stages of the great "cash-out," a reference to the long-expected "rotation" out of money market funds and into other assets. The answer, as it turns out, was "no." Or, more aptly, "NO!" Two weeks on from the biggest net redemption since June, US money funds saw their fourth-largest weekly inflow of 2024, a massive $95 billion influx. Unlike the tidal wave that wasn't in Northern California on Thursday, this tsunami warning was no