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Wall Street Finds New Value in Cash as Global Fears Weigh on Markets – The Wall Street Journal

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https://www.wsj.com/articles/maybe-there-is-an-alternative-wall-street-finds-new-value-in-cash-11650834514
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Worries about the

war in Ukraine, China’s Covid-19 outbreak, a U.S. or European recession and surging global inflation are making a long-spurned asset increasingly popular with Wall Street’s top money managers these days: cash.
As stock and bond prices have retreated from records in the tumult of headlines, more asset managers said they are

 looking to move funds into low-risk, cash-like assets. That marks a shift from recent years, when steadily climbing equity indexes trained investors to buy every dip and not miss out on gains by holding cash.
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

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