It's amazing how much cash US consumers are sitting on.
Makes me think we are underestimating the positive income effect from higher interest rates on these cash holdings.
Also reinforces the view that the S&P 500 is going to $10,000.
It's amazing how much cash US consumers are sitting on.
Makes me think we are underestimating the positive income effect from higher interest rates on these cash holdings.
Also reinforces the view that the S&P 500 is going to $10,000.