Crushing asset sell-offs ranging from bitcoin to precious metals and European st...
David Meger, director of metals trading at High Ridge Futures in Chicago, said traders and investors sold every asset class.
Demand for cash has grown in recent weeks, as markets became more turbulent. U.S. money market funds took in a record $87.6 billion in the week to Wednesday as stocks on Wall Street buckled, data from Lipper showed. Oil-related securities also marked double-digit declines, with the S&P energy index .SPNY falling 12.3%.
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