November 17, 2020 — The 2020 election has ushered in a new administration as well as the prospect for a divided government that could reduce the risk of dramatic tax changes. Major tax hikes are less likely to be implemented without Democrats controlling the House and the Senate. Two critical runoff elections in January will determine partisan control in the Senate. If both seats in Georgia go to Democrats, then the Vice President would break the tie in the Senate.
November 10, 2020—On CNBC’s Trading Nation, Wilmington Trust’s Head of Investment Strategy Meghan Shue revealed the firm’s positioning shift to increase its equities weighting, for the first time since moving to an underweight in February.
November 6, 2020—As votes continue to be counted for key states including Nevada, Arizona, Georgia, North Carolina, and Pennsylvania, the outcome of the U.S. election is still uncertain, but the fog is starting to lift. Specifically, former Vice President Biden appears to be on track to the necessary 270 electoral votes, having taken the lead in both Pennsylvania and Georgia this morning. However, the vote counts are not complete and we anticipate recounts and litigation.