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Way too much volatility...investors heading to cash this week

Safe havens were the big winners on the week. Money markets attracted $22 billion while precious metals saw inflows of $1.1 billion. Money market funds have had net inflows for eight consecutive weeks, bolstering cash on the sidelines to just shy of $2.7 trillion, the latter figure according to the Investment Company Institute. That's the highest level since January.

Courtesy of CNBC

Posted on Friday, August 28 by Registered CommenterWise Owl | Comments Off