Retail Money Funds continue to post record highs, fear of recession continues at a high level. Retail Money Funds have a long history of turning lower only when the perception of recession gives way to economic recovery. As recession fear builds, so do Retail Money Funds. But as recessions end. Retail Money Funds decline as capital flows into equities. It has been a very distinct turn historically and this makes Retail Money Funds useful as a market psychology measure.
