Market Commentary

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Jay Powell, GSIBs, Christmas Eve Massacre

Author: David R. Kotok, Post Date: March 7, 2019
Market Commentary - Cumberland Advisors - Jay Powell, GSIBs, Christmas Eve Massacre

“I think that the overall level of our capital, particularly at the largest firms, is about right. I’m open to evidence that there are problems with that. I don’t see U.S. banks having difficulty competing, particularly internationally. They seem to be competing very well. They seem to be profitable…. Their stock prices seem to be […]

Geopolitical Risks in Emerging Market Equity ETFs

Author: William Witherell, Ph.D., Post Date: March 5, 2019
Cumberland Advisors Market Commentary by Bill Witherell, Ph.D.

Last week included several dramatic examples of unexpected geopolitical developments in emerging markets: Two nuclear powers in South Asia, India, and Pakistan, clashed and appeared to be on the brink of full-scale war; and the US-North Korea summit in Hanoi ended badly, with Trump walking out. Also, unsettling markets were some negative signs about the […]

Everything You Should Know About the Debt Ceiling

Author: Committee for a Responsible Federal Budget, Post Date: March 4, 2019
Cumberland Advisors Market Commentary

Below is a full description and teaching aid. We are making it available to all readers. This thoughtful discussion was prepared by the Committee for a Responsible Federal Budget (Washington based, nonpartisan, civic 501c3). We are supporters of CRFB as they work diligently on a thankless task. We thank CRFB President, Maya MacQuineas for giving […]

Shutdown #7 Responses

Author: David R. Kotok, Post Date: March 1, 2019
Market Commentary - Cumberland Advisors - Shutdown Responses

We thank readers for their serious comments in response to our “Shutdown #7” discussion of regulation. For those who missed it, the link is https://www.cumber.com/shutdown-and-markets-7/. A wide range of views were articulated in the replies. Our theme that credited President Trump with deregulation success was bound to trigger intense responses from Trump detractors. It did. […]

Considering China

Author: William Witherell, Ph.D., Post Date: February 26, 2019
Cumberland Advisors Market Commentary by Bill Witherell, Ph.D.

China stocks surged Monday following Trump’s announcement that he will be delaying US tariffs on China. Prospects for a trade agreement between China and the US are now looking very good. It is evident that both sides need a positive resolution and are willing to compromise. Last year, China’s stock markets experienced their worst year […]

Cuba-Venezuela-Maduro

Author: David R. Kotok, Post Date: February 25, 2019
Bandera_de_Venezuela_en_el_Waraira_Repano by Jonathan Alvarez C

This video below is a 1 minute clip of the border of Venezuela in case you missed it. We originally discovered the clip at the Guardian’s website: https://www.theguardian.com/world/2019/feb/23/venezuela-border-latest-maduro-guaido   “Maduro is holding on to power through corruption, blackmail, ruthless repression – and assistance from other states. Cuban advisors have micromanaged the destruction of the private […]

The January 2019 Fed Minutes

Author: Robert Eisenbeis, Ph.D., Post Date: February 22, 2019
Federal Reserve - FOMC

Attention has turned to what extra gems of information might be contained in the release of the FOMC’s January 2019 minutes about the future path of policy. Comments have focused on the Fed’s balance sheet, the consequences of its runoff for financial markets, and what the Fed’s policies might be going forward in terms of […]

Shutdown #7

Author: David R. Kotok, Post Date: February 20, 2019
Cumberland Advisors Market Commentary

Jim Bianco, my friend and regular fishing buddy at Camp Kotok, penned a note on “a side effect of the government shutdown.” Readers know we have done a six-part series on the shutdown, and we have been hugely critical of the political process, with both Democrats and Republicans equally as our targets. Setting aside that […]

Taxing Wealth Instead of Income?

Author: Robert Eisenbeis, Ph.D., Post Date: February 13, 2019
Cumberland Advisors' Bob Eisenbeis

With the desire to finance both an increasing deficit and an increase in government services, politicians are searching far and wide for funds. Increasingly, proposals are surfacing to tax wealth rather than income as the means to fund pet projects. The proposals attract followers since unequal distribution of wealth is viewed as a problem that […]

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