Investors believe the stock market is set for losses, and cash is best safe haven, CNBC survey shows
Publishing timestamp: 2023-03-31 09:44:21
Summary
A CNBC survey of investors found that nearly 70% believe the S&P 500 could see declines in the coming months, with 60% saying that cash is their safe haven right now. The biggest risk to the market was seen as a misstep by the Federal Reserve or persistent inflation. The recent banking turmoil has driven significant inflows into money market funds, which saw assets increase to a record of $5.2 trillion.
Sentiment: NEGATIVE
Keywords: jerome powell, markets, s&p 500 index, goldman sachs group inc, breaking news: investing, breaking news: business, investment strategy, stock markets, jeffrey gundlach, economic events, breaking news: markets, business news, wall street,