David Kotok: an ‘old curmudgeon’ in finance, not afraid of Trump by John Biers, AFP • August 24, 2019 Excerpt: New York (AFP) – Investment advice from financial managers generally follows a predictable template: Update clients on the economy and stock market, endorse long-term investing — and avoid hot-button topics. David Kotok, a veteran financial […]
Legislation has recently been introduced to require the Federal Reserve to develop a real-time payments system to compete with existing systems. Interestingly, a short time after the introduction of the legislation, the Federal Reserve announced its intention to proceed with plans to develop just such a system. In describing the intent behind the legislation, co-sponsor […]
Excerpt from Camp Kotok: Wall Street In The Woods by Dave Nadig at ETF.com My experiences at Camp Kotok involve a little bit of shinrin-yoku in the literal sense: There are indeed a few hours a day floating through nature in a boat. But they also involve an intense, highly concentrated kind of economic […]
Yahoo Finance Highlight: FAANG stocks hit hard by U.S.-China trade war August 6, 2019 Watch the embedded video from Yahoo Finance below. Tech stocks take a beating as the trade war drags on. Yahoo Finance s Julie Hyman, Adam Shapiro, Sibili Marcellus and David Kotok of Cumberland Advisors discuss. Links to other websites or […]
Yahoo Finance Highlight: Fed Chairs warn Washington that meddling could lead to market instability August 6, 2019 Watch the embedded video from Yahoo Finance below. An unprecedented op-ed in the Wall Street Journal, penned by Former Fed Chairs, call for the Central Bank to remain independent. Yahoo Finance’s Julie Hyman, Adam Shapiro, Sibilie Macellus, Brian […]
Trump’s trade war with China is starting to get out of hand Excerpts below. By Matt Egan, CNN BusinessMonday, Aug 5th 2019 New York (CNN Business)The US-China trade war has always been serious. Now it’s starting to get scary. China allowed its currency to drop sharply on Monday to the weakest level in more than […]
We Are Not Clear About a Future Fed Path, Says Cumberland Advisors’s Kotok July 31, 2019 David Kotok, chairman and chief investment officer at Cumberland Advisors, discusses the Fed decision and the way forward for markets. He speaks on “Bloomberg Daybreak: Asia.” Watch at Bloomberg TV or in the embedded player below.
Excerpt from… Miami-Dade County jumps into legal fight over terminated toll-road agency By Shelly Sigo July 25, 2019 A court hearing Thursday and Friday could determine the fate of the Miami-Dade County Expressway Authority, and a new party in the case may sway the outcome. Miami-Dade County Commissioners decided Tuesday to become an amicus curiae, […]