As of March 30, 2020 — Wilmington Trust has been monitoring the COVID-19 (coronavirus) outbreak and assessing its impact on investments and the economy. Visit this page for updates as further developments unfold. What COVID-19 health and wealth impacts lie ahead? Listen to the replay of our recent webinar, “COVID-19: Fiscal, Monetary & Medical Shots in the Arm?,” with Chief Investment Officer Tony Roth and special guest, Ashish K.
March 26, 2020—The stock market’s precipitous drop has wreaked havoc on portfolios, wiping three years of gains from the U.S. stock market in a matter of days. What we have experienced puts us in uncharted waters: a combination of one of the fastest declines in equity market history, the most abrupt and wholesale halting of economic activity ever, and the most rapid deployment of monetary stimulus we’ve ever seen.
March 25, 2020—The flurry of recent news suggests a grim picture for employment in the near term as mitigation measures are put in place to control the spread of COVID-19, including social distancing and temporary business closures. These have led to a significant number of workers furloughed or laid off as business revenues have dropped drastically for a number of industries, particularly in the service sector.