Investors Are Holding $3 Trillion in Cash. Money Managers Aren’t Happy.

投资者持有3万亿美元现金。基金经理们并不高兴。

WSJ What’s News

2026-08-15

11 分钟
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P.M. Edition for Aug. 14. Money managers have a problem: Clients are holding near-record amounts in cash—by one estimate more than $3 trillion. Miriam Gottfried, a reporter and co-host of WSJ’s Take On the Week podcast, explains why this is happening and what financial planners are pushing their clients to do instead. Plus, two pieces of data—July retail sales and the preliminary August reading of the University of Michigan’s consumer sentiment survey—came in lower than expected. WSJ economics reporter Matt Grossman says that is painting a picture of a weaker U.S. economy. And AI slop is everywhere, making it hard to know what’s real online. We hear from WSJ personal tech columnist Nicole Nguyen about the inspiration for her recent special Tech News Briefing podcast series, “AI and the Blurring of Reality.” Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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  • New data out today adds to a growing picture of a weaker economy.

  • And investors are keeping a near record amount of money in cash.

  • And financial planners aren't happy about it.

  • If you're a wealth manager, you want to be giving your clients advice.

  • You want to be proving that you're worth something.

  • And if you're just saying, keep your money in cash, that's not really very sophisticated advice.

  • Plus, AI slop is popping up in surprising places.