Money hides while it waits

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The richest signal in the economy right now is not where money is going but where it is refusing to go. Eight trillion dollars in the waiting room is the collective body holding its breath.

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2026-06-06 CURRENT

Money-market funds have crossed $8 trillion — a record pile of cash sitting out the volatility, fed by strong May jobs data that revived bets on a 2026 Fed *hike*, not a cut. Treasury yields spiked; bonds slid.

The richest signal in the economy right now is not where money is going but where it is refusing to go. Eight trillion dollars in the waiting room is the collective body holding its breath.