Market Commentary


Cumberland Advisors Market Commentary – To Pass or Not to Pass? (Part 2)

Author: Robert Eisenbeis, Ph.D., Post Date: July 30, 2019
Federal Reserve - FOMC - Uncertainty, Risk, & Three Options

In our previous discussion of the three options facing the FOMC – raise the funds-rate target, hold the rate steady, or cut the target rate – we argued that there were risks and potentially negative consequences associated with each. The first option would shock markets and raise questions about the Committee’s rationale, regardless of what […]

Cumberland Advisors Market Commentary – Draghi Signals “You Go First” to the Fed While Johnson Threatens

Author: William Witherell, Ph.D., Post Date: July 29, 2019
Cumberland Advisors Market Commentary by Bill Witherell, Ph.D.

The European Central Bank (ECB) did not reduce key interest rates at its July meeting ending last week, contrary to the expectations of some observers. This decision leaves the US central bank, the Federal Reserve, to take the lead with a widely forecast rate cut at its meeting this week. However, ECB president Mario Draghi […]

Cumberland Advisors Guest Commentary – The Quill, The Feather & DiMartino Booth on Housing

Author: David R. Kotok & Danielle DiMartino Booth, Post Date:
Cumberland Advisors Market Commentary - The Tenthouse Suite - The American Housing Divide

My friend and Camp Kotok fishing-person Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence, a research and analytics firm that is celebrating the one-year anniversary of launching its publication The Daily Feather and the four-year anniversary of The Weekly Quill. Danielle has kindly allowed us to share with our readers an interesting, […]

Cumberland Advisors Market Commentary – The People Have Spoken

Author: Shaun Burgess, Post Date: July 25, 2019
Market Commentary Puerto Rico

There comes a breaking point for everything, a moment, an “Arab spring,” when people governed by the callous and corrupt stand up and say enough. For the citizens of Puerto Rico that moment came after the indictment of two former island officials on corruption charges and the release of a private group chat between Governor […]

Cumberland Advisors Market Commentary – Libra and Other Cryptocurrencies

Author: Robert Eisenbeis, Ph.D., Post Date:
Cumberland Advisors Market Commentary - Libra & Other Cryptocurrencies

Congressional hearings this past week were the first of what are likely to be a number of investigations into Facebook’s proposed Libra cryptocurrency and associated Calibra wallet. The initial reactions of legislators at the hearings ranged from a desire to support and encourage financial innovation to downright skepticism and hostility. Some of the questioners asked […]

Cumberland Advisors Market Commentary – “Send them back!”

Author: David R. Kotok, Post Date: July 24, 2019
David R. Kotok

Named for the last Hawaiian king (see, Kalakaua Avenue is Waikiki’s answer to Worth Avenue or Rodeo Drive. When you turn the corner out of the Royal Hawaiian Center into the throngs walking on Kalakaua Ave., Planet Earth’s multicultural diversity lies before your eyes. Hawaii is America’s newest and 50th state (see It […]

Cumberland Advisors Market Commentary – Clams Or Gold Responses

Author: Robert Eisenbeis, Ph.D., Post Date: July 23, 2019
Cumberland Advisors Market Commentary - Clams or Gold

We received several comments from readers concerning some of the key points in our recent commentary “Clams or Gold.”[1] Below is an abbreviated version of the questions, to which responses are then supplied. Comment: You may have seriously misled readers because both the purity of the official gold bullion and measurement of ounces have remained […]

Cumberland Advisors Market Commentary – Rocky Mountain Summit

Author: David R. Kotok, Post Date: July 18, 2019
Rocky Mountain Summit July 2019

Four states – CO, WY, ID, UT – in six days; private professional meetings, a few public gatherings, two Chatham House roundtables, and one half-day with a fly rod. My longtime friend Bill Dunkelberg and I brought nearly 40 trout to the net for release. An equal number escaped the net during the fight. Here […]

Cumberland Advisors Market Commentary – To Pass or Not to Pass? (Part 1)

Author: Robert Eisenbeis, Ph.D., Post Date: July 15, 2019
Federal Reserve - FOMC - Uncertainty, Risk, & Three Options

Ohio State’s Woody Hayes used to say that his problem with the forward pass was that “Three things can happen, and two of them are bad.” Well, after Chairman Powell’s testimony last week, the FOMC may find itself in a similar position, only maybe worse. The Committee can do three things – lower rates, keep […]

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