U.S. Money Market Fund Holdings

U.S. Money Market Fund Holdings According to J.P. Morgan, the wall of cash may remain very high indefinitely, as defensive assets are delivering their weakest performance. Image: J.P. Morgan

U.S. Personal Saving Rate

U.S. Personal Saving Rate The personal savings rate soared to 33% in April, as coronavirus causing Americans to accumulate cash. Image: CNBC

Inflation Assets vs. Deflation Assets

Inflation Assets vs. Deflation Assets The leadership remains deflationary, and the laggards remain inflationary. Deflation assets: government bonds, U.S. investment grade, S&P 500, U.S. consumer discretionary, growth and US high yield. Inflation assets: TIPS, EAFE, U.S. banks, value and cash. Image: BofA Global Investment Strategy

Personal Saving Rate and U.S. Household

Personal Saving Rate and U.S. Household Savings rate hits its highest level in 40 years, as Americans are accumulating cash. Image: BofA Research Investment Committee

U.S. Household and Personal Saving Rate

U.S. Household and Personal Saving Rate Americans are accumulating cash, as savings rate hits its highest level since 1981. The Daily Shot – The Wall Street Journal

Fund Flows – Equity, Bonds and Money Market Funds

Fund Flows – Equity, Bonds and Money Market Funds Investors frightened by the coronavirus pandemic, put a record amount of cash into money market funds. Image: Goldman Sachs Global Investment Research

Record Money Market Fund Inflows

Record Money Market Fund Inflows Money market funds get record inflow, as investors flood into the safety of cash. Image: BofA Global Investment Strategy

S&P 500 Drawdowns

S&P 500 Drawdowns The coronavirus crisis starts as a cash flow crisis, and the current drawdown is not comparable with the dotcom or GFC drawdowns. Image: Nordea and Macrobond

U.S. Fund Flows Cumulative Since 2018

U.S. Fund Flows Cumulative Since 2018 Fear of a recession has led to a record equity outflows and bond & cash inflows in recent years. Image: Goldman Sachs Global Investment Research

Gold Price

Gold Price Gold prices fall with stocks, as investors sold gold to raise cash to meet margin calls. Image: Financial Times