November 10, 2020—On CNBC’s Trading Nation, Wilmington Trust’s Head of Investment Strategy Meghan Shue revealed the firm’s positioning shift to increase its equities weighting, for the first time since moving to an underweight in February.
November 6, 2020—As votes continue to be counted for key states including Nevada, Arizona, Georgia, North Carolina, and Pennsylvania, the outcome of the U.S. election is still uncertain, but the fog is starting to lift. Specifically, former Vice President Biden appears to be on track to the necessary 270 electoral votes, having taken the lead in both Pennsylvania and Georgia this morning. However, the vote counts are not complete and we anticipate recounts and litigation.
October 30, 2020 — Yes, like many others we’re harkening back to James Carville’s famous statement from the 1992 election of the importance of the economy to voters. The trite expression would likely have been retired by now were it not so accurate. Yet in 2020, it comes with the caveat that this year’s recession was brought on by the most exogenous of events, a global pandemic, and less likely to be pinned on whoever is currently at the wheel.