Holding cash ‘doesn’t make sense’ for majority of investors, Acorns CFO says

US equities (^GSPC, ^DJI, ^IXIC) continue to react to February's Consumer Price Index (CPI) reading as many on Wall Street speculate how this will affect the Federal Reserve's monetary policy decisions. Acorns CFO and CIO Seth Wunder joins Yahoo Finance to discuss how February's CPI report and potential Fed decisions are affecting everyday investors.
In terms of how he sees his customers investing during uncertainty in the market, Wunder states: "We're seeing net inflows being quite strong. And so customers are reacting to the economic backdrop. I think sitting on cash for the vast majority of people doesn't make a lot of sense when you think about planning for your feature. I think our customers have done a good job of listening to the education that we put into the market."
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[@duffduck]

It makes sense when you understand the rug is getting pulled.