Market Commentary

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Cumberland Advisors Week in Review (Oct 28, 2019 – Nov 01, 2019)

Author: Cumberland Advisors, Post Date: November 2, 2019
Cumberland Advisors John Mousseau Update

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 […]

What the FOMC Said

Author: Robert Eisenbeis, Ph.D., Post Date: November 1, 2019
Cumberland Advisors' Robert "Bob" Eisenbeis, Ph.D.

Following the FOMC’s announcement of its third consecutive rate cut after its meeting this week, speculation immediately broke out among market participants about whether additional cuts or even rate increases might be on the horizon going into 2020. However, such speculation is probably more noise than substance at this point, since the Committee’s statement was […]

Cumberland Advisors Market Commentary – Fire and Water

Author: Patricia Healy, CFA, Post Date:
Market Commentary - Cumberland Advisors - California - A Note on the Fires

The fires engulfing parts of California are feared to become the nation’s worst fire disaster, possibly surpassing 2017 and 2018 fire events. Spurred on by wind gusts of up to 80 mph, this disaster harkens back to Superstorm Sandy, which occurred seven years ago, in October 2012. Superstorm Sandy soaked the Northeast, and its 80-mph […]

Cumberland Advisors Market Commentary – Markets & The Deficit

Author: David R. Kotok, Post Date: October 30, 2019
Market Commentary - Cumberland Advisors - Markets & The Deficit

The latest federal deficit numbers show the Trump budget implementation running about $1 trillion annualized. Here’s the link to a PDF that contains details and projections by the Congressional Budget Office: https://www.cbo.gov/system/files?file=2019-01/54918-Outlook-AppendixC.pdf. US stock and bond markets greeted this news with a yawn. Market agents are more focused on other things. Meanwhile, deficit warnings, intertwined […]

Cumberland Advisors Market Commentary – Taxing Wealth Series

Author: Cumberland Advisors, Post Date: October 27, 2019
Market Commentary - Cumberland Advisors - Wealth Taxation Series

Cumberland Advisors has produced a number of market commentaries around the core theme of income, wealth inequality, and wealth taxation. In them you’ll find related data and implications of wealth tax proposals and their probable effect on markets, individuals, entrepreneurs, and businesses. Here are links to those recent writings in what forms a series of […]

Cumberland Advisors Week in Review (Oct 21, 2019 – Oct 25, 2019)

Author: Cumberland Advisors, Post Date: October 26, 2019
Matt McAleer's Week In Review 2019-10-11

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 […]

Cumberland Advisors Market Commentary – The Kiplinger Tax Map: Guide to State Income Taxes, State Sales Taxes, Gas Taxes, Sin Taxes

Author: David R. Kotok, Post Date: October 25, 2019
Market Commentary - Cumberland Advisors - The Kiplinger Tax Map

We’re again returning to the complex subject of wealth taxation. Why? A number of readers have asked us for further details about it. For example: isn’t real estate taxation a form of a wealth tax? And if the tax on your house is limited in deductions because of SALT, isn’t that a federal form of […]

Q3 2019 Municipal Credit: Bond Market Dynamics, Natural Disasters, Green Bonds, State Rating Changes, & an Update on Single Ratings

Author: Patricia Healy, CFA, Post Date: October 24, 2019
Muniland - Municipal Credit & Bonds

Municipal bond credit quality remains relatively strong, as indications are still that upgrades are outpacing downgrades. S&P and Moody’s have both recently issued comments that corporate credit quality is weakening. Per S&P, credits rated AAA to B- with negative outlooks or CreditWatch-negative assignments have been increasing, indicating a negative bias. Similarly, Moody’s estimates that the […]

Cumberland Advisors Market Commentary – Brexit Uncertainty for Investors Persists

Author: William Witherell, Ph.D., Post Date: October 21, 2019
BREXIT

The exceptional Saturday session of the United Kingdom’s Parliament, the first in 37 years, was expected to produce a decisive yes or no vote on the new Brexit deal Prime Minister Boris Johnson had negotiated with the European Union (EU). October 19 was the final day for Parliament to agree to a deal before the […]

Cumberland Advisors Market Commentary – Turkey & Trump

Author: David R. Kotok, Post Date: October 19, 2019
David R. Kotok

Here is an updated report from Al Jazeera on the Turkey ceasefire and related developments. While it reflects network leanings, they are much different from the CNN-Fox distortions, and more facts may often be gleaned. https://www.aljazeera.com/news/2019/10/turkey-military-operation-syria-latest-updates-191017051518215.html Next we have the presidential tweeter’s self-proclaimed brilliance, hard on the heels of Pence and Pompeo’s trip to Ankara […]

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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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