800.257.7013 Follow us:
Registered Investment Advisory Firm

Market Commentary


Cuba & Zika

Author: David Kotok, Post Date: October 16, 2016

I’m in Cuba and have been meeting with doctors and others to learn what the situation is here with regard to Zika. I’ve visited a daycare center and a rural community and been briefed on mosquito control. What I’m learning is eye-opening. Cuba has 3.5 times the population of Puerto Rico. While Puerto Rico has […]

The Specter of a Hard Brexit

Author: Bill Witherell, Post Date: October 12, 2016

The decline in the British pound sterling that began in June when the UK voted to leave the European Union (EU) accelerated last week, culminating in a “flash crash” on Friday October 7th that wiped out a tenth of sterling’s value, briefly dropping the currency to its lowest level since 1985. While the market subsequently […]

Hurricane Matthew – Devastation in Its Wake

Author: Patricia Healy, Post Date: October 11, 2016

We never get accustomed to hearing about disasters, but they do occur and they have ramifications. Our thoughts go out to all those displaced or injured, those who had homes and businesses destroyed, and especially those who lost loved ones. Many of us have been glued to the TV, focusing on the news coverage of […]

America’s Political Angst

Author: Davi Kotok, Post Date: October 9, 2016

We publish a few hours before the Sunday night, October 9, 2016 second presidential debate. This bizarre election cycle unfolds with a constant flow of surreal surprises. We might have thought that House of Cards screenwriters wrote the screenplay. Here is our attempt to comment from the midst of this rapidly shifting chaos. We’ll begin […]

Markets and Hurricanes

Author: David Kotok, Post Date: October 7, 2016

Here is a link to a two-segment Bloomberg podcast. Our views on markets (heading higher), earnings (improving), the Fed (move in December), the dollar (getting stronger), and the payroll report (we were close) are discussed in detail. We thank Bloomberg Radio for the opportunity. We add that we like the payroll report. When the unemployment […]

How to Trade the US Presidential Election

Author: Leo Chen, Post Date: October 5, 2016

Markets dislike uncertainty. However, October is historically a volatile month, with the CBOE Volatility Index (VIX) averaging 22.26 in the past decade. In addition, the US presidential election is just one month away. Should investors choose risk-on or risk-off? One way to help answer that question is to dissect the stock market pattern for election […]

Zika, Cuba, American Politics

Author: David Kotok, Post Date: October 4, 2016

“Why is Zika so important that you write about it often?” I have gotten that question many times. An update on the Zika situation follows. But first let me offer an explanation as to why I write about it. I believe that health issues and disease threats offer us the chance to assess the functioning […]

LIBOR, ARMS & Madeline Schnapp

Author: David Kotok, Post Date: September 30, 2016

My friend Madeline Schnapp is a regular at Camp Kotok fishing gatherings and a highly skilled outdoorswoman. She is also a superb economist and researcher of the housing market in the West. Here are her coordinates: Madeline Schnapp, Director of Economic Research, PropertyRadar® Email: madeline.schnapp@propertyradar.com Madeline and I have been engaged in a detailed discussion […]

End of Q3 Stock Market Update

Author: David Kotok, Post Date: September 29, 2016

We published a Q3 commentary on the US stock market on September 19. That piece is available here: www.cumber.com/q3-us-stock-market-update/. To paraphrase Keynes, things changed and so did we. In our volatility and leveraged volatility strategy we had an entry in September and became fully invested. This strategy is dependent on a lot of math. It […]

International ETF: Third Quarter 2016 Review

Author: Matt McAleer, Post Date: September 28, 2016

The global equity markets started the third quarter off with a strong rally that erased the Brexit weakness and lifted many indexes to 52-week highs by early September. The markets have spent the back half of September attempting to consolidate those gains amongst a steady diet of news, from Brexit fallout to the Bank of […]

cumber map

Cumberland Advisors® is registered with the SEC under the Investment Advisers Act of 1940. All information contained herein is for informational purposes only and does not constitute a solicitation or offer to sell securities or investment advisory services. Such an offer can only be made in the states where Cumberland Advisors is either registered or is a Notice Filer or where an exemption from such registration or filing is available. New accounts will not be accepted unless and until all local regulations have been satisfied. This presentation does not purport to be a complete description of our performance or investment services.

Please feel free to forward our commentaries (with proper attribution) to others who may be interested.

For a list of all equity recommendations for the past year, please contact Thérèse M. Pantalione at 800-257-7013, ext. 315. It is not our intention to state or imply in any manner that past results and profitability is an indication of future performance. All material presented is compiled from sources believed to be reliable. However, accuracy cannot be guaranteed.