Worried stocks are going to crash after breaking fresh all-time highs? Well, let me allay those concerns with not one, not two, but … six trillion reasons why that fate—pushed more and more in the media these days—is far from inevitable (or even likely). That six trillion number is the hoard parked in money-market funds: those “as-good-as-cash” options for people who don’t really want to grow their money but want to keep it “safe” and have access to it. The 2022 sell-off and rapid rise in interest rates in 2023 caused money-market balances to soar, doubling from where they were just five years ago—a far bigger increase than the historical trend.… Read more