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 […]
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 […]
Excerpt from Camp Kotok: Wall Street In The Woods by Dave Nadig at ETF.com My experiences at Camp Kotok involve a little bit of shinrin-yoku in the literal sense: There are indeed a few hours a day floating through nature in a boat. But they also involve an intense, highly concentrated kind of economic […]
Much of the discussion at Camp Kotok in June is private and respectful of the Chatham House Rule. Unlike the August hubbub, June is smaller and without press. There are some items of conversation we can make available to readers. Here is a list. My views about the Fed come last. My fishing partner and […]
We start September with a cash reserve in our US equity ETF portfolios. Some details of our thinking follow. We wish our readers a Happy Post-Labor Day return to confront the 9-week run-up to the midterms. Other risk items include a possible government shutdown (not likely, in our view) and the effects of the continuing […]
By Jeanine Prezioso Federal Reserve monetary policy and its anticipated effects – in addition to the debate over who caught the largest salmon or smallmouth bass – was one of the many discussions bandied about in the northeast Maine woods earlier this month at Camp Kotok, an annual gathering of economists, pundits and investment professionals […]
McAleer discussed the continued headaches being caused by international markets—the U.S. markets remain very robust and resilient. In McAleer’s view, the 30 markets around the world are not trading well as he watches them making lower lows. McAleer’s current worry is how long the U.S. market can remain the standout while it is near highs and these other markets are trading down.
This year, I quickly sensed a more upbeat mood. Not that many that were wildly bullish, but most were positive or at least neutral. There weren’t nearly as many bears as I expected. “Cautious optimism” seemed to be the theme. That led me to refine my own views with a wide variety of participants. Today, I’ll do the same for you.
Riding Shotgun With a Bear Behind the Wheel By Crystal Kim Aug. 7, 2018 Bear country beckoned. Economists, portfolio managers, pundits, and Barron’s flocked to Leen’s Lodge in the backwoods of Maine for the annual fishing trip hosted by Cumberland Advisors’ David Kotok lovingly dubbed “Camp Kotok.” The five-day confab promised discussions about the state […]