The inflows into Money Market Funds continue.
Another $73 Billion came in last week, as investors decide they would rather sit in cash collecting an inflation-adjusted, after tax profit of around 1%.
Meanwhile, the Nasdaq is up 50% from the October lows last year. The S&P500 is up a humble 30%.
Technology stocks are up 60%.
Bitcoin is up 160% this year.
But investors are deciding to close their eyes to the current market trends and, for some reason, hoping it goes away. [Read more…]