Retail is piling into money market funds:
Total retail assets in money market funds are up to a record $2.9 trillion.
Since 2022, household inflows into these funds have DOUBLED.
During this time, retail investors accounted for 60% of the total increase in money market fund assets, according to ICI data.
This comes despite institutions holding ~60% of all US money market assets.
The average yield is currently 4.15%, according to the Crane 100 Money Fund Index, which tracks the 100 largest money market funds.
Retail investors are chasing yield like never before.
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Total retail assets in money market funds are up to a record $2.9 trillion.
Since 2022, household inflows into these funds have DOUBLED.
During this time, retail investors accounted for 60% of the total increase in money market fund assets, according to ICI data.
This comes despite institutions holding ~60% of all US money market assets.
The average yield is currently 4.15%, according to the Crane 100 Money Fund Index, which tracks the 100 largest money market funds.
Retail investors are chasing yield like never before.
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Labor market sentiment is still declining:
The index tracking Americans' expectations for unemployment over the next 12 months fell to 58 points in July, the third-lowest since 2008.
This level of pessimism also aligns with readings seen during the 2001 and 1990 recessions.
Additionally, household expectations for income growth over the next year remain near record lows.
Income expectations now match the sharp declines experienced in 2020 and 2008.
This is despite overall Consumer Sentiment improving for the 2nd-straight month.
Americans are worried about their financial future.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
The index tracking Americans' expectations for unemployment over the next 12 months fell to 58 points in July, the third-lowest since 2008.
This level of pessimism also aligns with readings seen during the 2001 and 1990 recessions.
Additionally, household expectations for income growth over the next year remain near record lows.
Income expectations now match the sharp declines experienced in 2020 and 2008.
This is despite overall Consumer Sentiment improving for the 2nd-straight month.
Americans are worried about their financial future.
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JUST IN - Pentagon confirms the withdrawal of 700 Marines deployed in response to anti-ICE protests in Los Angeles.
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