Bloomberg Analysts: S&P 500 and MMF Rise in Sync, Market "Bullets" Ample but Entry May Require Rate Cut Trigger
Bloomberg Senior ETF Analyst Eric Balchunas posted on platform X stating that the S&P 500 Index is currently at historical highs, while Money Market Fund (MMF) assets have also hit record highs. This structure of "both stock market and cash at highs" forms a sharp contrast, but for bulls, it means there is still a large amount of "dry powder" yet to enter the market.
