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Market Commentary


Outperform The Market II: The Golden Ratio

Author: Leo Chen, Ph.D., Post Date: February 24, 2017

Last week we shared a strategy using gold and bonds to outperform the market (cumber.com/outperform-the-market-look-no-further-gold-bonds-and-leverage/). This week we are going to introduce a strategy that uses the “golden ratio” rather than gold to beat the S&P 500. Since today is Friday Funday, we would like to show you something that will be fun – especially […]

Love & Marriage, Interest Rates, Fishing with Yoan Alvarez

Author: David R. Kotok, Post Date: February 23, 2017

A road trip is completed, and another one is underway. Besides the matter of the Trumpest in the Washington Teapot, the overriding majority of questions we encountered had to do with interest rates. Where are they going? What does that mean for my bonds? And, of course, for the stock market? And for the real […]

Charities, Trustees, Foundations, March 30th

Author: David R. Kotok, Post Date: February 21, 2017

The March 30, 2017, Financial Literacy Day program (see usfsm.edu/event/financial-literacy-day/) is designed to include a special session on charitable foundations and fiduciary roles, trustee responsibilities, investment committee oversight, and areas of concern. Also included in this program is specific discussion about how those who have stewardship over retirement funds can operate and exercise that responsibility. […]

Eurozone Equities: Political Risks versus Strong Macro Crosscurrents

Author: Bill Witherell, PH.D., Post Date: February 17, 2017

The recovery in the Eurozone economies is firming with respect to private consumption and investment, with higher employment and labor income, according to the European Central Bank (ECB). Yet financial markets are on edge as a result of heightened political risk, with important elections coming up in the Netherlands, France, Germany, and probably Italy. The […]


Author: David R. Kotok, Post Date: February 15, 2017

Is the Flynn–Russia–Trump leaks–Russian missile ball of wax a distraction that is causing market agents to think more about other things than economic issues? You bet. When Congressman Kevin Brady (R-Texas) takes to doing interviews (CNN this morning) on national television and has to spend that time talking about the items listed above instead of […]

Gold, Dollar, Stocks, The Money Show

Author: David R. Kotok, Post Date: February 11, 2017

During one of my two speaking sessions at the Money Show in Orlando, Florida, on February 8, 2017, we had a question from the audience, asking us to weigh in on the issue of gold versus the dollar. Readers and followers of financial press may have observed reports that we took up our position in […]

Women’s Financial Issues and March 30th Event

Author: , Post Date: February 10, 2017

Excitement builds as we finalize preparations for the March 30th all-day Financial Literacy event. See http://www.usfsm.edu/FinancialLiteracy for a detailed program, confirmed speakers’ list, and registration. The Financial Literacy Day agenda includes a full day of discussions covering financial education, financial literacy, US and global economic and investment outlooks, and fiduciary/trustee roles and responsibilities. Please note […]

Podcast with Adam Johnson and Tom Essaye

Author: David Kotok, Post Date: February 9, 2017

I was pleased to join Adam Johnson and Tom Essaye on the Feb. 8 edition of The Bell podcast. We chatted about topics that ran the gamut from Cumberland’s bullish take on Japan, to the communicative power and political effectiveness of tweets, to equity market valuations and bond market liquidity, to Cumberland’s new ETF (CUMB) […]

Trump Immigrant Order and Markets

Author: David Kotok, Post Date: February 8, 2017

We received a large volume of email on the Trump immigration order debate. Views are about evenly divided for and against, with many passionate assertions and opinions. We are not running a blog; but, that said, the sheer number of responses has triggered this commentary. We do not expect to change anyone’s mind. We would, […]

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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.