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Ripple Effect

Cash Is Still King

Loading ...Addison Wiggin

March 3, 2026 • 1 minute, 28 second read


Cashmargin debt

Cash Is Still King

Institutional investors continue to trim stock positions. A post-Buffett Berkshire Hathaway is adding to its hoard of T-bills.

But retail investors? They  haven’t gotten the caution memo.

Following their robotic “buy any and all dips” policy, retail investors now have an incredibly low cash allocation today, of about 14% of assets:

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Retail investors programmed to buy any market dip are running low on reserve cash. (Source: i3 Invest)

Retail investors learned they could successfully buy the Liberation Day drop last April. But that was a 20% broad-based sell-off, a single event.

Today is a different year, a different setup. Retail “buy the dippers” are going to struggle in a market near all-time highs that is also rotating out of the AI trade.

Hold some cash to find bargains during a broader, sustained correction.

~ Addison

P.S. Thank you if you joined us on Friday for a special Grey Swan Live! from inside the Rarcoa Vault in Chicago. The reserved Silver Eagle set we had reserved was quite popular, and just a few more remain.

Grey Swan Live! returns to its regular time this week, 2 p.m. ET on Thursday.

John Robb, author of Brave New War and Grey Swan Investment Fraternity contributor, joins us for a discussion on the war with Iran, how it’s being fought, and what it means for the dollar and other assets.

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With market volatility on the rise and a new set of global challenges arising from this conflict, you won’t want to miss out on this week’s Grey Swan Live!

Robb’s expertise on network warfare is central to understanding the Trump strategy for disrupting operations by killing 40 top Iranian leaders. In a globally-connected tech economy in the 21st century, the strategies and weapons of warfare are evolving rapidly.


Warsh’s Anti-Stagflation Playbook

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Federal Reserve chairman nominee Kevin Warsh aims to slow the money before it spills over. Shrink the $6.6 trillion balance sheet. Stop using the Fed as a a preemptive bailout tool for bad decisions in Washington, D.C. and on Wall Street.

Warsh’s Anti-Stagflation Playbook
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March 20, 2026 • Addison Wiggin

Kevin Warsh is calling for a “Modern Treasury-Fed Accord” to shrink the Fed’s balance sheet and end its role as a market backstop.

The “Warsh Shock” and tThe Modern Accord
Bitcoin’s Leading the Way

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Crypto markets have been under pressure since October, but fund flows suggest investors are stepping back in ahead of potential CLARITY Act clarity.

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Shock and Awe, Redux

March 19, 2026 • Addison Wiggin

America just crossed $39 trillion in debt—and the pace is only accelerating. At the same time, inflation is creeping back, the Fed is holding firm, and geopolitical tensions are pushing oil higher. The result: a market caught between mounting pressure and surprising resilience.

Shock and Awe, Redux