Asset Allocation Bi-Weekly – Household Cash Levels and the S&P 500 (12/9/24)

When one looks at the total world of investing, it makes sense that a high amount held in money market funds might subtract from total assets invested in stocks, and stock valuations might shrink as a result. But, clearly, that equation has not been working lately. Bill O'Grady, Advisory Director of Market Strategy at Confluence, discusses what this might portend for the stock market.