Market Commentary


Cumberland Advisors Market Commentary – Eurozone Economy Risks A Decline With Divided Central Bank

Author: William Witherell, Ph.D., Post Date: October 4, 2019
Cumberland Advisors Market Commentary by William "Bill" Witherell, Ph.D.

The latest September data for the eurozone economy from IHS Markit present a deteriorating picture, with the demand for goods and services falling at its fastest rate in over six years and a deepening recession in manufacturing. Sentiment about the future, affected by concerns about global growth prospects, trade wars, and geopolitical uncertainties, remains at […]

Cumberland Advisors Market Commentary – Impeachment

Author: David R. Kotok, Post Date:
David R. Kotok

Impeachment is a political process. We watch it unfold with strenuous claims and counterclaims, as we did with the Nixon and Clinton episodes. We are writing about it because it impacts markets: Political outcomes impact policy, and that is where impeachment intersects markets. With the Clinton debacle, policy was little changed; but with the Nixon […]

Cumberland Advisors Market Commentary – 3Q2019 Review: Tactical Trend

Author: Matthew McAleer, Post Date: October 2, 2019
Matthew C. McAleer - Executive Vice President & Director of Equity Strategies

A flexible investment strategy that strives to analyze multiple asset classes, Tactical Trend strives to provide long term capital appreciation while focusing on risk vs. reward opportunities. Capital is deployed in the primary asset classes exhibiting strong relative strength vs. indexes and peers. These asset classes include domestic equities, international equities, fixed income and commodities. […]

Cumberland Advisors Market Commentary – 3Q 2019 Review: Total Return Tax-Free Municipal Bond

Author: John R. Mousseau, CFA, Post Date: September 30, 2019
John R. Mousseau, CFA

The dramatic drop in Treasury yields at the beginning of August caused the muni market to take a pause in its great relative performance earlier in the year. The 10-year Treasury bond moved 52 basis points lower, going from 2.005% at the end of the second quarter to 1.48% at the end of August; and […]

Cumberland Advisors Market Commentary – Repos and Reverse Repos

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

The week of September 16 saw the Federal Reserve Bank of New York inject funds into the repo market in response to an unusual spike in rates that was above the initial target range for the federal funds rate of 2.0–2.25%. (The target rate was lowered to 1.75–2.00% after the close of the FOMC’s meeting […]

Cumberland Advisors Market Commentary – 3Q2019 Review – Market Volatility ETF

Author: Leo Chen, Ph.D., Post Date: September 26, 2019
Cumberland Advisors - Quarterly Review - Market Volatility ETF

Although the S&P 500 made new highs after the Federal Reserve cut interest rates in 2018 for the first time since the Great Recession, the hawkish rate cut was not enough to sustain the market rally, which was derailed by additional tariffs that President Trump announced on August 1st on $300 billion of Chinese imports. […]

Cumberland Advisors Market Commentary – 3Q 2019 Review – Total Return Taxable Fixed Income

Author: Daniel Himelberger, Post Date: September 25, 2019
Cumberland Advisors - Dan Himelberger - Portfolio Manager & Fixed Income Analyst

Treasury yields dropped throughout Q3 of 2019, with the biggest decline being the 30-year. As of 9/23/19 the 30-year Treasury had fallen 40.4 bps to 2.127%. We also saw a record low on the 30-year when it closed at 1.951% on 8/27/19. The 10-year was also down 32.7 bps, to 1.679%, as of 9/23/19. The […]

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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.