Money growth has improved lately in the US, while there are trillions parked on the time deposit / MMF side-lines. If the Fed cuts rates into the current rally, we may see another 2021/2022 melt-up.
![Money Watch: Trillions of USDs are waiting to be unleashed](https://stenoresearch.com/wp-content/uploads/2023/03/Money-Watch-1080x675.png)
Money growth has improved lately in the US, while there are trillions parked on the time deposit / MMF side-lines. If the Fed cuts rates into the current rally, we may see another 2021/2022 melt-up.