Cash on the Sidelines and Equity Fund Flows vs. Stock Prices

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The excess of M2 over M1 money supply data shows record levels of cash on the sidelines, while equity mutual fund flows show extreme swings that highlight investors’ reactions to stock market performance.
The excess of M2 over M1 money supply data shows record levels of cash on the sidelines, while equity mutual fund flows show extreme swings that highlight investors’ reactions to stock market performance.

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