Market Commentary

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Cumberland Advisors Market Commentary – 4Q 2019 Credit Commentary

Author: Patricia Healy, CFA, Post Date: December 30, 2019
Market Commentary - Cumberland Advisors - Q4 2019 Municipal Credit Commentary

Pensions, budgets, state ratings, climate adaptation, cybersecurity, and investing   This fourth-quarter commentary continues discussion on key themes of the year. Many of the themes are long-term in nature and reveal the need for governments and businesses to continue to evolve. Pensions, cybersecurity, climate resiliency, evolving demographic changes, and a globalized world as well as […]

Cumberland Advisors Week in Review (Dec 23, 2019 – Dec 27, 2019)

Author: Cumberland Advisors, Post Date: December 28, 2019
Cumberland-Advisors-Matt-McAleer-Update-December-27-2019

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 – Year-End & 2020 Forecast Note #7 More gun violence

Author: David R. Kotok, Post Date: December 26, 2019
Market Commentary - Cumberland Advisors - Year-End-&-2020-Forecast-Notes 7 - More gun violence

This holiday season has come with ill tidings with respect to gun violence: “At least 28 people were wounded in 3 separate shootings across these 3 states this weekend,” CNN, Dec. 23, 2019, https://www.cnn.com/2019/12/23/us/three-shootings-baltimore-minnesota-chicago/index.html “13 people were shot at a Chicago house party honoring a man killed earlier this year,” CNN, Dec. 22, 2019, https://www.cnn.com/2019/12/22/us/chicago-shooting-sunday/index.html […]

Cumberland Advisors Market Commentary – Bob Eisenbeis shares Personal Reflections of Paul Volcker

Author: Robert Eisenbeis, Ph.D., Post Date: December 24, 2019
Market Commentary - Cumberland Advisors - Paul Volcker as remembered by Robert Eisenbeis, Ph.D.

Despite Volcker’s tendency to listen to only a few close associates when it came to key policy issues, but unlike Arthur Burns, he was respectful and tolerant of staff. I was fortunate enough to have a chance five years or so ago to sit down with Paul at a Federal Reserve Bank of Chicago conference and discuss the past. Among his key attributes were his integrity, the quality of his public service, his concern for the independence of the Fed, and his commitment to break the back of inflation despite the personal and political attacks he incurred in response to his policies designed to achieve that end.

Cumberland Advisors Market Commentary – Manicures and Oenophiles

Author: David R. Kotok, Post Date: December 23, 2019
Market Commentary - Cumberland Advisors - Wealth Effects, Manicures, & Oenophiles

We’ve written previously about the new TLRwire service introduced by Philippa Dunne and Doug Henwood. Readers who want to view a sample or subscribe can go here: https://www.tlranalytics.com/subscriptions/tlr-wire. I’m a paying subscriber myself, and I’m recommending TLRwire because I think it is a high-value-added service. Last time I recommended a service, a few readers asked […]

Cumberland Advisors Week in Review (Dec 16, 2019 – Dec 20, 2019)

Author: Cumberland Advisors, Post Date: December 21, 2019
Cumberland-Advisors-Week-in-Review-December-20-2019

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 – Impeachment, Markets, NIRP, Clark Gable

Author: David R. Kotok, Post Date: December 20, 2019
Impeachment, Markets, NIRP, Clark Gable

In the famous 1939 movie Gone with the Wind, Scarlet O’Hara (Vivien Leigh) delivers this poignant entreaty to Rhett Butler (Clark Gable): “Where shall I go? What shall I do?” Rhett counters with the retort, “Frankly, my dear, I don’t give a damn.” A blockbuster line delivered in just seconds, it has endured for decades. […]

Cumberland Advisors Market Commentary – New Trends in Charitable Giving & Declining Confidence in Institutions Examined

Author: Gabriel Hament, Post Date: December 19, 2019
Market Commentary - Cumberland Advisors - New Trends in Charitable Giving & Declining Confidence in Institutions Examined by Gabriel Hament

Over the last few decades, trust in key public institutions has been eroding. Here are some recent figures compiled by Gallup (https://news.gallup.com/poll/1597/confidence-institutions.aspx) that document this trend: In 1973, 42% of respondents said that they had a “great deal or quite a lot” of confidence in Congress. In 2019, only 11% expressed that level of confidence. In […]

Cumberland Advisors Market Commentary – Paul Volcker

Author: David R. Kotok, Post Date: December 18, 2019
Market Commentary - Cumberland Advisors - Paul Volcker Quote (David R. Kotok)

Many have written, interviewed, and commented about the passing of Paul Volcker. We particularly like the commentary of Chris Whalen, who knew him better than many and whose  family had connections with Paul Volcker over the years. We also note our GIC colleague Catherine Mann’s remembrance. Cathy, that was an interesting haircut “back when.” At […]

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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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