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 is always welcome.
Short week. The equity and bond markets were closed on Friday. We talk about some of John Mousseau’s strategies in the bond market and we plan to get John on camera next week to talk about interest rates and munis. On the equity side, a fairly benign week outside of healthcare. We recall some of the atmosphere from 2016 when healthcare costs were top of mind for politicians and the news cycle. Headline risk creeps in on medical which includes medical device companies and biotech and we take a moment to explain.
April is Financial Literacy Month and Cumberland Advisors just held the event, “Financial Markets and the Economy: Financial Literacy Day III” with our partners at the University of South Florida Sarasota-Manatee. Take an opportunity to check out our YouTube channel and take advantage of the breadth and depth of the subject matters, speakers, and panelists we’ve assembled. Gretchen Morgenson’s keynote address from the conference is up and we’ll be posting more videos over the next week or so including our talk with Susan Harper, the Consul General of Canada in Miami, Florida. www.cumber.com/youtube . In the meantime, here is a link available to the full day of talks and panels to enjoy until our video segmentation process is finished. Enjoy!
Our partners at USF Sarasota-Manatee have provided a streaming video link of Cumberland Advisors’ annual event, “Financial Markets and the Economy – Financial Literacy Day III.” It was an open forum for individual investors, state and local officials, financial institutions, pension trustees, philanthropy activists, policy makers and policy wonks – all were welcome. At Cumberland Advisors, we believe everyone benefits from increased financial education. Topics included but were not limited to philanthropy and its impact and stewardship, financial market developments, the outlook for the U.S. stock market and the world, the U.S. banking system, and the global economic outlook.
We are busy segmenting panels and talks for our YouTube Channel. Until these are produced, below is an outline of the entire day’s activities to help you navigate and select where in the hours long streaming video you’d like to watch:
April 11, 2019
8:00 – 8:30 a.m. | Registration and Coffee
8:30 – 9:00 a.m. | Welcoming Remarks
David R. Kotok, CIO, Cumberland Advisors, GIC Board Member
Karen Holbrook, Regional Chancellor, USF Sarasota-Manatee
9:00 – 10:00 a.m. | Session I – The Stock Market
Matt McAleer, Executive VP & Director of Equity Strategies, Cumberland Advisors
Richard Hoey, Senior Economic Advisor to BNY Mellon Wealth Management
Tripp Zimmerman, Director of Research at WisdomTree Asset Management, Inc.
Moderator: Maryanne Waldman, RBC, Boston, MA
10:00 – 10:15 a.m. | Break
10:15 – 11:30 a.m. | Session II – Health Hunger and Philanthropy
Judith Monroe, President and CEO, CDC Foundation
Erin McLeod, CEO, Friendship Centers, Sarasota, FL
Lisa Marsh Ryerson, President, AARP Foundation.
Gabriel Hament, Cumberland Advisors
Moderator: Lisa Shaw, CFP, CIMA, Managing Partner, Cygnus Asset Management, LLC
11:30 a.m. – 12:00 p.m. | Special Report on the Use of the Bloomberg Terminals – Two Years Later
Paul Bova, Director of Development and/or Dr. GJ de Vreede, Dean,
University of South Florida Sarasota-Manatee College of Business
Noon – 1:00 p.m. | Lunch
1:00 – 1:15 p.m. | Report on National and International Financial Literacy on-line exams
Christine Brown, CFA Tampa Bay, Society Executive, Tampa, FL
1:15 – 2:00 p.m. | A Conversation with Canada’s Consul General in Florida
Susan Harper, Canadian Consul General in Miami, Former Economic Minister for Embassy of Canada
2:00 – 3:00 p.m. | Session III – How the World Looks to Me
Leland Miller, CEO, China Beige Book International
Paul O’Brien, Former Deputy Chief Investment Officer, Strategy and Planning Department, Abu Dhabi Investment Authority, ADIA.
Moderator: Alison Gardner, Senior Vice President & Financial Advisor, RBC Wealth Management
3:00 – 3:15 p.m. | Break
3:15 – 4:00 p.m. | Keynote Speaker
Gretchen Morgenson, Senior Special Writer in the Investigations unit at The Wall Street Journal
4:00 p.m. | Concluding Remarks
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