Legendary investor Warren Buffett once said to “be fearful when others are greedy, and greedy when others are fearful”.
In 2022, fear seems to be winning out.
The chart below shows that fund managers are moving large amounts of cash to the sidelines. Historically, they’ve held lower amounts of cash than today about 95% of the time.
Clearly, fear is dominating greed right now—which, as Keith Fitz-Gerald points out in our interview, presents a huge opportunity for savvy investors.
For more details on the top three criteria to use when making investment decisions... the definitive guide on which tech stocks to dump and which ones to keep... and the future of crypto assets... check out today’s episode.
But first, our market recap...
A Quick Look at the Markets This Past Week…
Gold was down .16% to $1,763.
The average 30-year mortgage rate fell from 6.63% to 6.61%.
Yields on 10-year Treasuries decreased by 1% to 3.78%.
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