Locator: 48445MMF.
Increase attributed to equity sell-off on August 10, 2024, or thereabouts. Market recovered on August 15, 2024. The MMF data below was as of August 14, 2024, the day before the market recovered.
This suggests to me there is a floor at which MMFs will generally not go under, but at the margins, some of these assets represent "money on the sideline" that is used to buy stock. That floor is dynamic and probably correlates well with investors' perception of the economy.
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