Investors pulled their cash out of the market in droves during the recession caused by the financial crisis. The economy recovered, and the S&P 500 has rallied more than 250% since. But money market asset levels show that some investors are still cautious.
The S&P 500 -- the broadest measure of America's stock market -- closed at another all-time high on Wednesday. The index has climbed more than 4.5% this year. The Dow is a whisker away from 30,000 points. But volatility, geopolitical risks and political uncertainty are keeping ultra-cautious investors out of stocks, according to market participants. The global coronavirus outbreak has added to this skepticism, as the economic fallout from the disease remains to be determined.
Irrespective of macroeconomic risks and temporary selloffs, US stocks are near record highs.The US market remains a goldilocks investment environment where everything is just right with a relatively strong economy coinciding with low inflation, Schutte said.
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