Surveillance

$6.3 Trillion of ‘Cash on the Sidelines’ Is Already in the Game

Data doesn’t show a move to lock in yields for longer

Pedestrians walk along Wall Street near the New York Stock Exchange (NYSE) in New York on Aug. 27, 2024. — Pedestrians walk along Wall Street near the New York Stock Exchange (NYSE) in New York on Aug. 27, 2024.
Photographer: Jeenah Moon/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Lisa Abramowicz

August 30, 2024 at 3:55 PM UTC

Note to readers: The Surveillance newsletter will be taking a short break after today’s edition. You'll continue to receive the Wall Street Week newsletter on Saturdays and stay tuned for something new coming soon.

It’s common to hear that there’s more than $6 trillion of cash sitting on the sidelines, indicating a glut of money just waiting to flood into other asset classes.