.SPX 1M mountain S & P 500 1-month Since then, it's been one excuse after another.
Everything Tuesday was down about 1.0-1.25% midday, including the equal-weight S & P 500 (RSP) the market-cap weighted S & P 500, the Nasdaq 100 (QQQ), and the small-cap Russell 2000, but most ended down a fraction of a percent.
At nearly 5% yield, money market funds are still sucking in money, even with the S & P 500 up 18% this year.
I mentioned Monday that money market inflows reaccelerated last week: $21 billion worth of inflows were added, according to Goldman Sachs.
"The pace of money market flows reflects a larger apathy towards stock," Todd Sohn from Strategas told clients.
Persons:
it's, Moody's, Mike O'Rourke, Dow Jones, Sellers, Harry Whitton, Russell, Goldman Sachs, Todd Sohn, Strategas, David Kelly
Organizations:
Bank of Japan, Jones Trading, Regional Banking, Nasdaq, Chief Global, Morgan Asset Management
Locations:
Japan, China, U.S