Billionaire Bill Ackman said that he was “bullish” as the money market funds hit a record, hinting that any rate cuts could direct these monies into the equity markets.
What Happened: The founder and CEO of Pershing Square Capital Management, L.P., emphasized his “bullish” view while highlighting an X post by Barchart, which underscored that the money market funds hit a staggering $7.4 trillion as of the most recent data.
