Why record cash in money-market funds won't necessarily flood into stocks, bonds

Core Viewpoint - The significant amount of cash in money-market funds is unlikely to transition into riskier assets in the stock and bond markets, even with the Federal Reserve's recent interest-rate cuts [1] Group 1 - Money-market funds are currently holding a record amount of cash, indicating a cautious approach among investors [1] - The Federal Reserve has resumed its interest-rate-cutting cycle, which typically encourages investment in riskier assets [1] - Despite the favorable conditions for investing, the research from J.P. Morgan suggests that this cash will not flow into the stock and bond markets [1]