Treading on Thinner Ice: Portfolio Risk Management

Meghan Shue |
Wilmington Wire
Cracks on thin ice - danger of walking on ice - risk of falling into water

March 25, 2022 — An important discipline in our investment work is portfolio risk management. This can mean adjusting position sizes of securities, adding portfolio hedges, or recognizing that the market is not appropriately pricing risks to the upside or downside. There is no question that economic risks have risen significantly in recent weeks, yet the S&P 500 is less than 6% below its all-time high.

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Federal Reserve: Taking away the Punch Bowl to Sober Up Inflationary Pressure

Rhea Thomas |
Wilmington Wire
Dollar currency growth concept with upward arrows on charts and coins background.

March 18, 2022—William McChesney Martin Jr., former Federal Reserve (Fed) chair from 1951–1970, is credited with the now-famous “punchbowl” analogy, referring to the Fed as “the chaperone who has ordered the punch bowl removed just when the party was really warming up.”1   Today, the Fed finds itself in the position of taking away the punchbowl again, but in the midst of a party that has been raging, rather than just warming up.

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