Swerve

Spooked Wealthy Investors Swerve Fat Cash Piles from Stock Market

Investors in the U.S. hold lots of cash but are mainly targeting low-risk bonds. Wells Fargo and BlackRock executives say investors are trying to scoop up any kind of yield at this point. Growing uncertainty and geopolitical risks have spooked institutional investors or ‘smart money’. The U.S. stock market has been relatively stable