NEW YORK (Reuters) – Investors are treating the U.S. equity market’s blistering rally with a dose of caution, socking away cash, staying on the sidelines or buying insurance against a reversal even as markets scream higher in the midst of the coronavirus pandemic.
FILE PHOTO: Morning commuters are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. REUTERS/Lucas Jackson/File Photo
Fund managers and corporations have deployed over $1.1 trillion into money markets while the S&P 500 mounted a nearly 30% bounce from its March lows. Assets in such funds grew to