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"Cash Mountain" Hits A Record $4.7 Trillion 

By: capt_nemo in POPE 5 | Recommend this post (1)
Fri, 01 May 20 10:23 PM | 25 view(s)
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One doesn't have to read our weekly flow reports showing that while algos and quants are busy buying stocks hand over first (because momentum) even as human and hedge funds investors continue to sell (see "Only Machines Are Buying Stocks As Humans Stay At Home"), to get a sense that virtually no carbon-based trader with an organic brain believes this rally: there is a far simpler indicator of what most investors think about the market. We are referring of course to the amount of inert cash in money-market funds which this week rose again - despite the tremendous April stock rally - hitting a record high $4.7tn, and up an unprecedented $1.1tn past 9 weeks.

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http://www.zerohedge.com/markets/cash-mountain-hits-record-47-trillion?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29




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