This one chart shows $7 trillion doesn’t go as far as many suggest - MarketWatch
1. Money-market funds hold $7.5 trillion, doubled in seven years. 2. Cash proportion remains at 20% of equity market value historically. 3. Increased cash indicates market stress, not fresh capital influx. 4. S&P 500 near record high, up 8% this year. 5. Proportion of cash in money-market funds is subdued relative to valuations.