Advisors exhibited behaviors consistent with longer-term trends across the board. Allocation to cash remained unchanged this week at 4.09%.
Allocations to cash were reduced by 21% this past week, the most significant drop in cash levels since crisis began.
Cash increased marginally from 5.11% to 5.25% last week. Cash is sustaining at roughly two times the average since early April. Advisors remained risk averse again this week favoring less risky assets, which is a continuation of long-term investing behavior.
Last week was a marked change for advisors with investment activity shifting back to fixed income categories.
Last week was a return to "normal" for advisor activities. Trading volume was close to the average seen in 2019. Advisors were neutral on risk - more risky and less risky investments were both near net zero in flows.
Cash rose slightly from 6.0% to 6.1% last week, still roughly two times the average, but roughly flat since early April.