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I have degrees in mathematics, science, and education from the University of Toronto. My son is a PhD candidate in computer science at Oxford University.

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Money Funds and Recoveries

Date: Wednesday, April 22, 2020 10:22 AM EST

Both institutional and retail money funds tend to move inversely to the SPX. The recovery from both the 2000-2002, and 2008 bear markets involved a decrease in the money fund holdings.  Since money fund holdings are increasing dramatically, odds are we are not yet in the recovery phase.

 

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