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The $8.8 trillion cash pile that has stock-market bulls salivating

Wall Street hopes trillions in money-market funds will flow into stocks and bonds. Investors have varying plans

Rising interest rate drew trillions of dollars into cash investments in the past two years
Rising interest rate drew trillions of dollars into cash investments in the past two years Photo: (Photo by Matias Baglietto/NurPhoto via Getty Images)

Wall Street wants your money off the sidelines.

Rising interest rates drew trillions of dollars into money-market funds and other cash-like investments in the past two years, with more than $8.8tn parked in money funds and CDs as of the third quarter of 2023. Investors are optimistic that with rates poised to fall, people will redirect that money and fuel markets’ next leg higher.

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