Cumberland Advisors Week in Review (April 15, 2019 – April 18, 2019)

Author: Cumberland Advisors, Post Date: April 22, 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 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. . 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:


FINANCIAL MARKETS & THE ECONOMY Financial Literacy Day III Full Day Video Link from USFSM

Streaming Video Link

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

See and read more of this at MailChimp’s site:

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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.