Five charts to start your day

Cash ain’t trash!

Cash ain’t trash! Warren Buffett has amassed a record-breaking $157.2 billion in cash this year. Apparently, there’s a scarcity of appealing investment opportunities. Not all of this cash is liquid, but he does have $107 billion in dry powder ready to deploy as of June 2023.

I have to admit, I’m sort of in that position myself at the moment. There just isn’t enough of a risk premium in equities right now to tempt me out of cash, and I’m earning a decent interest rate on my holdings.

That seems to be the sentiment among investors in 2023. The largest inflows were into liquid cash, followed by bonds, a more diverse monetary asset. There were also positive inflows into equities, but cash rules right now.

Source: BofA Global Research

Coming up:

• The stock market doesn’t always rise, rebound or recover

• Top S&P 500 Stocks Over 20 Years

• How did the stock market perform during an election year?

• Italian food is really popular in Europe

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