My Favorite Chart -- The Issue Being Discussed On CNBC's "Halftime Report" Today -- July 15, 2024

Locator: 48138INV.

From July 10, 2024:

My favorite chart: link here.

Link here.

That increase, not only was it a reversal of the two previous months, the increase was not trivial. And, oh by the way, in the process, set an all-time record.

There are a lot of folks who have money on the sidelines -- albeit earning upwards of 5% -- but still -- a lot of folks with hundreds of thousands of dollars on the sidelines are starting to wonder if they just missed the biggest bull market in years.

Today, on CNBC's "Halftime Report," this was the discussion -- whether money is now coming off the sidelines (see chart above) pushing the market higher? 

My thoughts on this issue have not changed much. 

Regardless, this is the irony: a lot of folks took a safe/guaranteed 5% on their cash for the past year or so, and now that rates may be coming down they're looking at bringing money into the equity market. Meanwhile, the market has "exploded" / surged over the past few weeks, making it "scary" for these folks who like safety to now have to make a decision to get into equities, riskier by nature, and even riskier now with the surge in the equity market. 

Quite ironic.