February 25, 2022—The Russian invasion of Ukraine this week put an end to months of speculation and brought the crisis to a new phase. As we wrote earlier this week, our investment committee elected to maintain our portfolio positioning. We believe the critical considerations for investors is whether the Russia-Ukraine conflict derails the otherwise optimistic global economic outlook by way of high energy prices (which could sap spending power) or by way of inflation.
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.
May 16, 2022Topics shared in this publication are:At its May 4, 2022 meeting, the Fed raised rates by 50bps as expected, bringing the target range for the federal funds rate to 0.75% to 1.00%. This was the first hike of that magnitude since May 2000.Chair Powell gave very specific forward guidance for upcoming rate hikes, saying “our expectation is, if we see what we expect to see, then we would have 50 basis point increases on the table the next two meetings.