Part 2/12:
Recent reports, such as one from Market Watch titled "We've Never Seen This Before," reveal that both banks and affluent individuals are sitting on significant piles of cash—waiting for the right opportunities to deploy their funds. Notably, high-net-worth individuals (HNWIs) are increasing their holdings of cash and cash equivalents, such as savings accounts, check-ins, and Certificates of Deposit (CDs). In 2022, HNWIs allocated approximately 34% of their wealth into cash or cash equivalents—a 10% increase from the previous year.