A $5.6 trillion ‘mountain of money’ will help fuel a year-end rally for the stock market

Bank of America

  • Investors are putting an increasing amount of their cash into money market funds.

  • The multitrillion-dollar flood into the funds comes as risk-free interest rates top 5%.

  • Bank of America believes this “mountain of money” could help fuel a year-end stock market rally.

Our Chart of the Day is from Bank of America, which shows that investors are still piling into money market funds amid a period of rising interest rates.

The chart shows that net assets of all money market funds has…

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