Stock Market Outlook: Don’t Count on $7 Trillion Cash Bull Case

• Bullish strategists often cite a record $6.9 trillion in money market funds as potential fuel for stocks.
• But the surge in money market cash might not be because investors are waiting to pile into stock.
• Potential dip buyers don’t see any bargains just yet as the stock market declines on worries of fading economic growth.

Wall Street strategists in the last year have pointed to a key reason stocks are likely to keep pushing higher: the mountain of cash on the sidelines.