Post by
Zipolitemexico on Nov 24, 2024 9:02am
$6.65 Trillion still in money markets
Washington, DC; November 21, 2024—Total money market fund assets decreased by $22.21 billion to $6.65 trillion for the week ended Wednesday, November 20, the Investment Company Institute reported today..
That quoted number was for US funds. I'm guessing 10% of that number in Canadian money markets
Oh yes, and $6.65 trillion translates into $9.33 trillion cdn!!
Once the central banks rates drops to the 2.5 to 3 percent range much of that money will start to look for a better home. REITs would benefit big time
IMHO
Comment by
garyreins on Nov 24, 2024 1:46pm
Based on the price action of cad reits it looks like money is ROTATING OUT and back into MONEY MARKET FUNDS