May 17, 2019 – This week’s nearly round trip in stock markets serves as yet another reminder that it is incredibly difficult and misguided to try to predict short-term movements in the financial markets. After a steep -2.5% drop in the S&P 500 on Monday, in response to an escalating trade war between the U.S. and China, the market clawed its way back and was set to close flat on the week as of Thursday afternoon.
May 17, 2019 — Wilmington Trust’s investment committee has been monitoring the U.S.-China trade war, and in response to recent developments, has made portfolio adjustments to optimize for risk. Members from our leadership team shared their insights during an informative call and have been in the news explaining what this means for the market and how investors can protect portfolios.Missed the call? Listen to the replay.
May 10, 2019 – President Trump raised tariffs on U.S. imports from China today, as he warned he would this past Sunday on Twitter. Following months of signs that both sides were progressing toward an amicable agreement, that narrative was upended by Trump’s tweet, which vaguely alluded to “attempt[s] to renegotiate” by the Chinese. At first it was not clear whether the president was blustering for bluster’s sake, or if the negotiations had truly hit the rocks.