What fuels the stock/bond rally?

According to Louis Navellier, there's a record amount of cash on the sidelines, over $2.4 trillion in money market assets.

Money market funds now represent over 28% of the value of the Wilshire 5000, an extremely broad-based stock market index.

Normally, money market assets represent only around 12% of the entire market.

However...

He says that now it's becoming increasingly difficult for banks to sustain high-volume real estate loans and that the real estate market is softening, and many homeowners have already refinanced. He says that real estate is getting soft and real estate lending is slowing down, so banks will have no choice other than to lend to businesses, improving businesses spending.