Market Commentary

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Cumberland Advisors Week in Review (Jun 03, 2019 – Jun 07, 2019)

Author: Cumberland Advisors, Post Date: June 10, 2019
Week In Review

The Cumberland Advisors Week in Review is a recap of news, commentary, and opinion from our team. These are not revised assessments, and circumstances may have changed in the market from the time of original publication. We also include older commentaries that our editors have determined may be of interest to our audience. Your feedback […]

Peter Navarro

Author: David R. Kotok, Post Date: June 7, 2019
Cumberland Advisors Market Commentary

“We’ve told Mexico the tariffs go on, and I mean it too. And I’m very happy with it. And a lot of people, senators included, they have no idea what they’re talking about when it comes to tariffs. They have absolutely no idea. When you have the money, when you have the product, when you […]

More on Tariffs

Author: Robert Eisenbeis, Ph.D., Post Date: June 6, 2019
Cumberland Advisors Market Commentary

Assessing the impact of the series of US tariff changes in 2018 and 2019 is difficult. The tariffs have been revised and updated over time. Indeed, MarketsInsider lists about 27 tariff-related events and announcements between March 2018, when President Trump announced tariffs on steel and aluminum imports from all countries, and May 23, 2019.[1] They […]

Jingoism & Rare Earths

Author: David R. Kotok, Post Date: June 5, 2019
Cumberland Advisors Market Commentary

“The Trump Administration last year recognized the importance of rare earths elements – albeit as an after-thought – when it pulled them off a list of Chinese imports to be hit with US tariffs. China mines about 80% of the 17 elements that appear on the Periodic Table, and has a lock on about 90% […]

EU Election: Negative But Could Have Been Worse

Author: William Witherell, Ph.D., Post Date: June 3, 2019
Market Commentary - Cumberland Advisors - EUROPE MAP

The results of the European Union’s Parliamentary elections, held the last weekend in May, were welcomed by investors as being not as bad as many had feared. A broad populist and nationalist anti-EU surge, which had looked possible, was avoided. Pro-EU lawmakers will continue to be in a clear majority, aided by gains by green […]

Fed and Climate Change

Author: David R. Kotok, Post Date: May 30, 2019
Fed & Climate Change

My note today puzzles over the Fed’s sitting on the sidelines while other central bankers act together to mitigate a growing risk to national economies and the global financial system. As context for this discussion, please take a minute to read this report about the accelerated melting of ice in Antarctica: https://www.theguardian.com/environment/2019/may/16/thinning-of-antarctic-ice-sheets-spreading-inland-rapidly-study. Now to the […]

May FOMC Minutes: Patience

Author: Robert Eisenbeis, Ph.D., Post Date: May 28, 2019
Federal Reserve - FOMC

In advance of the release of the FOMC’s May minutes, speculation in the press and by financial market participants was that the Committee might cut the federal funds target rate. The main line of conjecture centered on how long the FOMC could continue to miss its inflation target on the downside before a rate cut […]

Memorial Day Reflections

Author: David R. Kotok, Post Date: May 27, 2019

“[On Saturday, May 25,] more than 980 cadets became army second lieutenants at West Point’s football stadium. America’s Vice-President, Mike Pence, told them President Trump has proposed a $750bn defense budget for 2020 and said the US ‘is once again embracing our role as the leader of the free world.’ “ ‘It is a virtual […]

Cumberland Advisors Week in Review (May 20, 2019 – May 24, 2019)

Author: Cumberland Advisors, Post Date: May 26, 2019
Week In Review

The Cumberland Advisors Week in Review is a recap of news, commentary, and opinion from our team. These are not revised assessments, and circumstances may have changed in the market from the time of original publication. We also include older commentaries that our editors have determined may be of interest to our audience. Your feedback […]

5G, Huawei, Trade War, Shooting War

Author: David R. Kotok, Post Date: May 23, 2019
Market Commentary - Cumberland Advisors - 5G, Huawei, Trade War, Shooting War

From the onset of the Trump trade war we’ve argued that the broad-brush tariffs advocated by Peter Navarro were damaging and that a very targeted approach on security and intellectual property would have been better. Finally, the tariff fight with China is being defined over 5G, which is where critical agreements always needed to be […]

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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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