A new All Time High of $7.24T is now in Money Market Funds.

Here are a few perspectives one could take away from this:

+ High yields have played a factor over the last couple of years, anywhere from 4-6% and people have been content with that...

But how many of these people have seen an M2 money supply chart over the same period?

+ Investors have a risk-off mindset currently. They’re hesitant to take on market turbulence.

+ Investors think asset prices are high

+ As ~88% of money managers underperform the S&P 500 (S&P Global)... If the inverse of the crowd is often correct, could that apply here too?

Regardless it's something noteworthy. What do you take away from this?