Are you watching interest rates soaring? I have lots of cash and near-cash waiting to be put to work. Rates on one-year treasurys now at 1.13%, double a year ago. Five-year treasurys now at 2.22%. Compare that with the yield on the SPDR S&P 500 ETF at only 1.80%.
Vanguard Limited Term Tx-XMT fund yield in 1.54%. Vanguard Short-Term Investment-Grade Inv (VFSTX) yields 1.95% (taxable)
Cash isn't quite the trash it's been. Will that start depressing the stock market?