Stock Market Closes to Honor 41st President

Tony Roth |
Wilmington Wire
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The Wilmington Trust/M&T Bank family joins the nation in mourning the loss of the 41st President of the United States, George Herbert Walker Bush. President Bush guided the nation through a period of sweeping global change—and is most notably remembered for bringing a peaceful end to the Cold War, marked by the fall of the

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The Fed’s Early Holiday Gift for Markets: Two Turtle Doves?

Rhea Thomas |
Wilmington Wire
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Fed Chair Powell’s speech at the Economic Club of New York on November 28 brings to mind “The Twelve Days of Christmas,” the age-old English Christmas carol that seems to be ubiquitous on the radio and in stores around this time of year. After Powell’s notably hawkish Oct 3 comments about rates being “a long

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A Thankless Equity Market

Meghan Shue |
Wilmington Wire
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November 21, 2018—We can’t help but appreciate the irony of the stock market’s recent activity heading into the Thanksgiving holiday. As we sit around the dinner table on Thursday, the stock market may not be on many people’s “things-to-be-thankful-for” list, at least based on the past few weeks. As of Tuesday, U.S. equity indices had

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