STOCKS | Goldman Survey Shows Wealthy Investors Holding More Cash Amid Market Worries

Goldman Sachs' latest survey found that high-net-worth investors are keeping about 20% of their net worth in cash and cash equivalents. According to Sina Finance, market volatility and concerns about persistently high inflation were the main reasons investors sold stocks and bonds. The article also said U.S. stocks are flashing a warning signal that has appeared only twice in 155 years, with the S&P 500's Shiller CAPE ratio above 41. According to Sina Finance, Brookings Institution senior fellow Robin Brooks said rising U.S. Treasury yields suggest conditions are worse than they appear.