NDR on Bloomberg | "The Fed Should Just Go Ahead and Hike in June" - This June 2nd article cited research by Ed Clissold, Chief U.S. Strategist, who provided his analysis of investors’ cash positions in view of the tech rally.
“From a sentiment standpoint, [the record-high money market fund assets] is a vote of extreme pessimism toward risk-on assets by investors,” Ed Clissold, Chief US Strategist at Ned Davis Research wrote in a note to clients. “From a flows perspective, the assets represent potential buying power when investors become less risk averse.”
Click here to view the Bloomberg article.