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CNBC reports that 90% of ordinary investors made money in stocks as the S&P 500 hit a record high in July, citing data from our portfolio company Openfolio. Despite the nice return from stocks, Openfolio CEO Hart Lambur reports that the average cash holdings have increased by 25% since May.
A 10 percent drop in stocks was "quite possible" in the coming months, Peter Oppenheimer, chief global equities strategist at Goldman Sachs, told CNBC Tuesday. Bond guru Jeffrey Gundlach, the chief executive of DoubleLine Capital, said Friday that investors should "sell everything."
http://www.cnbc.com/2016/08/02/average-investors-boost-their-cash-holdings.html
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