February 23, 2022—The rapidly escalating Russia–Ukraine conflict has dominated the news flow and financial market action over the past few weeks. The S&P 500 on Tuesday hit a new low for the year, correcting -10.25% since January 3. Wilmington Trust’s Investment Committee has been in constant communication and meeting with increased frequency. As of Tuesday, February 22, we are maintaining our current portfolio positioning and continuing to closely monitor the evolving situation.
We are now entering a third calendar year where the impacts of COVID-19 continue to inform strategic and operational decision making both in loan markets and in broader financial contexts. At the same time, central banks globally have been increasingly clear about their intent to readjust the approach to interest rates and stimulus programs that provided pandemic support. A new economic reality may be coming into play.
Our Monthly Tip, as featured in Family Lawyer Magazine:Believe it or not, the romance associated with Valentine’s Day is not incompatible with prenuptial planning. In fact, a time when couples feel confident about their lives together can be a perfect time to cement the future if their paths diverge.