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Bank of America Highlights $7 Trillion Cash Reserve as Potential Catalyst for Year-End Stock Rally
Bank of America Highlights $7 Trillion Cash Reserve as Potential Catalyst for Year-End Stock Rally
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BTCCSquare news:
Bank of America strategist Savita Subramanian points to a record $7 trillion sitting in money market funds as a potential fuel for equities. These liquid assets, currently parked in low-yield instruments, could pivot toward stocks amid anticipated Federal Reserve rate cuts.
The shift from cash equivalents to risk assets mirrors historical patterns where sidelined capital enters markets during bullish phases. Subramanian notes fixed-income alternatives are particularly unattractive given current returns, creating ideal conditions for equity inflows.
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