Since 1973, Cumberland Advisors has been a trusted source for market expertise, personal service, and individual and institutional money management. We are an independent, fee-for-service money management firm managing over $3 billion in assets.
Excerpt from ‘US manufacturing is doing well and will continue to do well,’ Fed economist says “There is a great perception that we no longer make anything any more, that everything is made in China,” Strauss said. “U.S. manufacturing is doing well and will continue to do well.” The manufacturing sector, which employed 17,300 workers as […]
Cumberland’s Kotok Sees a Need to Expand Uncertainty Premium Bloomberg Daybreak: Americas January 29th, 2019, 8:56 AM EST David Kotok, chairman and chief investment officer at Cumberland Advisors, discusses the issues to watch for in the current earnings season. He speaks on “Bloomberg Daybreak: Americas.” (Source: Bloomberg) Watch on Bloomberg’s site or embedded below: […]
We thank many readers for their responses to my January 22 commentary, “Shutdown and Markets” (https://www.cumber.com/shutdown-and-markets/). Responses were varied, as expected. Some folks maintained their sense of humor. Others blamed one side or the other and criticized my final sentence, in which I suggested that both sides share a measure of the blame. So let […]
The stock market is ignoring the shutdown. The bond market is, too. So, too, are commodities, currencies, precious metals, fine art and other collectibles, sovereign debt, and many other asset classes. Those markets are moving for other reasons and not Federal shutdown. Why? Markets believe the shutdown is temporary. Market agents look at the childish […]
Excerpt from BILL WITHERELL: China’s economic slowdown and financial markets By Bill Witherell, Ph.D. Posted Jan 21, 2019 at 2:01 AM The Shanghai Stock Exchange was the worst-performing major stock market in 2018, with the benchmark Shanghai Composite Index falling 25 percent over the course of the year. Concerns about a slowing economy deepened in the second half as current […]
A fishing buddy (Camp Kotok regular) and thoughtful financial professional Steve Blumenthal opened one of his weekly missives with this paragraph, in which he introduced a commentary from Ray Dalio. It’s not the substance of Dalio’s post that I want to focus on, but a key word usage by Ray Dalio and quoted in Steve’s […]
The Shanghai Stock Exchange was the worst performing major stock market in 2018, with the benchmark Shanghai Composite Index falling 25% over the course of the year. Concerns about a slowing economy deepened in the second half as current indicators surprised on the downside. While many economists cautioned that a major slowdown in China was […]
We have written with some regularity about the consequences of trade wars. The Apple story and the potentially larger economic slowdown in China are a case in point. There are consequences to all of this for all parties involved. In general, we do support free trade in the ideal world where there are no barriers […]
How Trump’s trade war is unraveling the Trump rally Excerpts below. By Matt Egan, CNN BusinessThursday, January 3rd 2019, 9:39 AM HSTUpdated: Thursday, January 3rd 2019, 9:54 AM HST Evidence is mounting that the US-China trade war is dealing a blow to the American stock market. Stocks plunged on Thursday after Apple (AAPL) blamed a […]
As 2018 draws to a close, economic growth in almost all economies, including that of the US, is moderating but is still expansionary and in most cases remains above long-term trends. For the year 2018 as a whole, global growth looks likely to be the same as for 2017, 3.7%, with advanced economies advancing […]
