Locator: 49769MMF.
Tag: MMF MMFS money market funds
Updates
Later, ---- Schwab has about $700 billion in MMFs under management. BRK has about $400 billion in cash.
ChatGPT confirms that MMFs under management has set an all-time record and has probably breached $8 trillion. Some sources confirm $8 trillion; others suggest $7.67 trillion in December, 2025.
In January, 2020, just prior to the Covid-19 lockdown, MMFUM had just crossed the $4 trillion mark before surging to $5.2 trillion in April, 2020.
It is amazing how fast folks can move money into "cash" (safety) when things look "scary." I am absolutely convinced that this is the break point between the first golden age of investing and the current "tech" age of investing.
Original Post
My favorite chart: link here. Last month I said the most recent data was the largest jump in about two years. I honestly can't make out the jump in the most recent data, but it again shows a huge jump, similar to the jump the previous month. If it's accurate to make that statement, then again we have a most interesting situation in light of the "record" market in US equities (Dow, S&P 500, and NASDAQ).
The chart:
Zooming in as best we can:
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Travelogue Break
Many decades ago, when we were stationed in Germany, we took a six-day train trip across Switzerland.
To put that train trip in perspective one can cross Switzerland, east to west, by train in about six hours. We took six days! We traveled perhaps two hours each day and then stayed one to two days in towns and cities across Switzerland, including St Moritz. There were several lines and we were on all of them: the Rhaetian Railroad; the Bernina Express; the Albula Line; the Bernina Line; and the Ferrovia del Gottardo. In addition to that incredible, magical train trip, we took countless trips by auto to Switzerland and northern Italy.
This was that train trip.