Market Commentary

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Cumberland Advisors Market Commentary – Year-End & 2020 Forecast Note #8 – 52 Targets

Author: David R. Kotok, Post Date: January 6, 2020
Market Commentary - Cumberland Advisors - Year-End-&-2020-Forecast-Notes 8 - 52 Targets (Iran)

We may not like the direction of the world, but our task as investment advisors is to set aside personal and political views when we make buy-sell-hold decisions for client portfolios that we manage. As we proceed into 2020, our US ETF portfolio will continue to be overweight the defense and aerospace subsector of America’s […]

4Q 2019 Review: Total Return Tax-Free Municipal Bond

Author: John R. Mousseau, CFA, Post Date: January 3, 2020
John R. Mousseau, CFA

The municipal bond market saw interest rates back up very slightly in sympathy with the Treasury market during the fourth quarter of 2019. Ten- and thirty-year AAA tax-free yields started the quarter at 1.42% and 2.01% respectively. As the curtain dropped on 2019 they closed at 1.44% and 2.09%. However the ratio to Treasury yields […]

4Q2019 Review: International ETF

Author: Matthew McAleer, Post Date:
Matthew C. McAleer - Executive Vice President & Director of Equity Strategies

As noted in our Q3 review, the foreign equity markets showed strong resilience in the face of constant headline news throughout 2019. As noted in our Q3 review, the foreign equity markets showed strong resilience in the face of constant headline news throughout 2019. Both developed and emerging markets rallied sharply through December as both […]

4Q2019 Review: Puerto Rico

Author: Shaun Burgess, Post Date:
Market Commentary Puerto Rico

As we reflect on a tumultuous fourth quarter for the Commonwealth of Puerto Rico, early progress in 2019 in the island’s bankruptcy brought optimism, however that optimism has since turned to frustration as headway has slowed, uncertainty has increased, and questions remain unanswered. October saw the release of a plan of adjustment to restructure the […]

4Q2019 Review – US Equity ETF

Author: David R. Kotok, Post Date:
Cumberland Advisors - Quarterly Review - US ETF

In 4Q 2019 markets continued to react to the buffeting news flow as an array of headlines besieged investors. Brexit, the Trump Trade War, energy sector write-offs (Chevron), political attacks in the healthcare sector, Fed policy debate and proposed wealth taxation were among the many worrisome topics. Meanwhile, US stock markets reached all-time highs, and […]

4Q 2019 Review: International Equity Markets

Author: William Witherell, Ph.D., Post Date: January 2, 2020
Cumberland Advisors Market Commentary by William "Bill" Witherell, Ph.D.

International equity markets – that is, stock markets outside the US – finished the year robustly, with the iShares MSCI All Country ex US ETF, ACWX, gaining 7% in the 4th quarter on a total return basis. For the year as a whole, ACWX gained 16.5%. While this was less than the US market’s 28.3% […]

Cumberland Advisors Market Commentary – The Pocket Veto (and best wishes in the new year!)

Author: David R. Kotok, Post Date: December 31, 2019
Market Commentary - Cumberland Advisors - The Pocket Veto - Kotok

We’ve received a number of emails about legal and, specifically, constitutional issues. We’re not constitutional lawyers: We are activist citizens, and we do read the constitutional literature. And we do examine the actions of our federal, state, and local governments as part of our work in the investment advising business. Financial markets are dependent on […]

4Q2019 Review: Tactical Trend

Author: Matthew McAleer, Post Date:
Matthew C. McAleer - Executive Vice President & Director of Equity Strategies

A flexible investment strategy that strives to analyze multiple asset classes, Tactical Trend strives to provide long term capital appreciation while focusing on risk vs. reward opportunities. Capital is deployed in the primary asset classes exhibiting strong relative strength vs. indexes and peers. These asset classes include domestic equities, international equities, fixed income and commodities. […]

4Q2019 Review – Market Volatility / Leveraged Volatility / Sector Alpha Portfolios

Author: Leo Chen, Ph.D., Post Date:
Cumberland Advisors - Quarterly Review - Market Volatility ETF

4Q 2019 Review: Market Volatility / Leveraged Volatility / Sector Alpha Portfolios The S&P 500 has had a tremendous melt-up in the fourth quarter of 2019. With the Federal Reserve’s cutting rates for the third time in October and the easing of trade tensions between the US and China, it is not surprising that the […]

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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. 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.
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