Investors Pour into Money Market Funds Amid Bank Crisis
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Look at it this way: at least they're not stashing cash under the mattress or in ceiling tiles.
Following the collapse of Silicon Valley Bank and subsequent whack-a-mole banking crisis, people have poured $286 billion into money market funds so far this month, according to data provider EPFR. That's the most since the Covid crisis turned the world upside-down.
Source Fool.com
