Daily Report : Investors across the board are hoarding cash; Rally path given how sectors are reacting


  • Jason Goepfert

    Jason Goepfert

    Published: 2020-05-01 at 21:31:57 CDT

There has been a surge of assets flooding into money market funds, among mom-and-pop investors, institutions, and mutual fund managers. Usually, this has occurred well before markets bottom, though. ; The price path since stocks bottomed on March 23 is still correlated most highly with major bottoms, as opposed to bear market rallies. The same goes for how sectors have performed during the rally. It's not a huge edge but does suggest a medium-term digestion period.


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