Damage Control: The Economic Fallout of Outbreak and the Fed’s Response So Far

Rhea Thomas and Luke Tilley |
Wilmington Wire
The Fed.jpg

May 1, 2020—The damage to the U.S. economy resulting from the outbreak and social-distancing restrictions has started being revealed over the past few weeks. Businesses have temporarily shuttered, which has forced a drastic hit to consumer spending. The damage to labor markets was immediately seen in weekly unemployment claims figures. Now we have monthly and quarterly data trickling in confirming the dire forecasts.The most timely and striking indicator has come from the labor market.


Episode 8: The COVID-19 Stock Market—Suspending Belief

Tony Roth and Meghan Shue |
Capital Considerations with Tony Roth
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April 28—Chief Investment Officer Tony Roth is joined by Credit Suisse Managing Director and Chief U.S. Equity Strategist Jonathan Golub, and Wilmington Trust’s Head of Investment Strategy Meghan Shue, to discuss how the U.S.’ response to COVID-19 has impacted equity market valuation and stability, how the markets may fare in a less globalized society, and what sectors to consider, despite this contracting environment.Jonathan Golub, Managing Director, Chief U.S.


Downgrading REITs to Neutral

Meghan Shue |
Wilmington Wire
Real estate investment trusts REITs. Shopping cart and model of house.

April 22, 2020—Highlights:We have reduced our exposure to real estate investment trusts (REITs) from an overweight to a neutral allocation.Risk assets like REITs and equities have staged a strong rally since March 23, but we expect a slow economic recovery, the risks around which do not appear to be properly appreciated by investors.We took the opportunity to sell REITs into relative strength to reduce overall risk in client portfolios.