Market Commentary


Cumberland Advisors Week in Review (Aug 12, 2019 – Aug 16, 2019)

Author: , Post Date: August 17, 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 […]

Cumberland Advisors Market Commentary – Report from Leen’s Lodge (Camp Kotok)

Author: David R. Kotok, Post Date: August 15, 2019
Market Commentary - Cumberland Advisors - Report from Leen’s Lodge (Camp Kotok)

The 50-person gathering at Leen’s Lodge encompassed diverse political views, financial and economic specialties, and asset class focused from cannabis to currency trading, real estate to debt of all types, stock markets and ETFs, derivatives and futures, and more. Over $1 trillion in managed assets were represented as we gathered for each informal meal. No […]

Cumberland Advisors Market Commentary – Gorsuch & Fake News

Author: David R. kotok, Post Date: August 13, 2019
Cumberland Advisors - Fake News

At our Camp Kotok gathering in Maine, we often discussed truth and fact checking versus the spreading practice of political lies and fakery.  We will have more to say about the gathering. For now here is a case study about truth and lies. Shortly after he was appointed to the Supreme Court in April, 2017, […]

Cumberland Advisors Market Commentary – Inflection Point?

Author: David R. Kotok, Post Date: August 5, 2019
Market Commentary - Cumberland Advisors - Inflection Point (David Kotok)

I’ve known Tom Kean, former governor of New Jersey and co-chair of the 911 Commission, for 40 years, and served in several positions in his administration when he was governor. He represents the greatness of the Republican Party, which has produced folks like him and his father Bob Kean and others like Everett Dirksen or […]

Cumberland Advisors Guest Commentary –  Trump, Trade, Taxes, Troubles.

Author: David R. Kotok & Robert Brusca, Ph.D., Post Date: August 2, 2019
Market-Commentary by David R. Kotok & Robert Brusca, Ph.D.

Bob Brusca, Chief Economist of Fact and Opinion Economics, sent a research note entitled “Why Trump is nagging Powell.” He included this chart. Note the dates. The table above ranks the change in the ISM (Mfg.) and its components from their levels on the eve of Trump’s election to the current month. The ISM and […]

Cumberland Advisors Market Commentary – To Pass or Not to Pass (Part 3)

Author: Robert Eisenbeis, Ph.D., Post Date: August 1, 2019
Market Commentary - Robert-Eisenbeis - To Pass or Not to Pass (Part 3)

The FOMC decided to throw a pass by cutting rates; but given the market’s response, it looks like they were tackled for a loss. In Woody Hayes’ parlance, the one positive of a forward pass turned into a negative. Powell attempted to offer three justifications for the policy move: to insure against downside risks, to […]

Cumberland Advisors Market Commentary – Markets During Apollo 11

Author: John R. Mousseau, CFA, Post Date:
Cumberland Advisors Market Commentary - Markets During Apollo 11

This past week we celebrated the 50th anniversary of the Apollo 11 moon landing. Remarkably, only 1/3 of Americans today were alive when that happened. As a 12-year-old kid I was riveted by the space program and tried to digest the minutia of every flight. Like a lot of kids, we watched the moon landing […]

Cumberland Advisors Market Commentary – To Pass or Not to Pass? (Part 2)

Author: Robert Eisenbeis, Ph.D., Post Date: July 30, 2019
Federal Reserve - FOMC - Uncertainty, Risk, & Three Options

In our previous discussion of the three options facing the FOMC – raise the funds-rate target, hold the rate steady, or cut the target rate – we argued that there were risks and potentially negative consequences associated with each. The first option would shock markets and raise questions about the Committee’s rationale, regardless of what […]

Cumberland Advisors Market Commentary – Draghi Signals “You Go First” to the Fed While Johnson Threatens

Author: William Witherell, Ph.D., Post Date: July 29, 2019
Cumberland Advisors Market Commentary by William "Bill" Witherell, Ph.D.

The European Central Bank (ECB) did not reduce key interest rates at its July meeting ending last week, contrary to the expectations of some observers. This decision leaves the US central bank, the Federal Reserve, to take the lead with a widely forecast rate cut at its meeting this week. However, ECB president Mario Draghi […]

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