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Heresy Financial
Apr 9, 2023
Money market funds were at one time considered an unpopular and somewhat feared place to park your cash. But given the recent string of bank failures across the United States, that sentiment has all changed. And while some people are now saying the worst is behind us, recent fund flows would suggest the opposite. Deposits are fleeing U.S. banks and are flooding into money market funds.
And I’m going to show you why. Number one, this is putting banks at risk of further failures. Number two, this is putting the stock market at risk of an upcoming crash. And third, we’re going to look at today’s sponsor, Callinex Mines, who if you remember, I spoke to you about them back in January. And since then, their share price is up about 45%.
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