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Peter Boockvar summarized a view of this Pearl Harbor Day employment report. We agree with him. Here’s Peter: “Bottom line, the moderation in the pace of job gains coincides with the recent uptick we’ve seen in jobless claims. It’s hard not to wonder how much of this is due to a business pause on the […]
Excerpt below of “Dow stages comeback from deep losses fueled by uncertainty on U.S.-China trade deal” By Taylor Telford, Heather Long, and Thomas HeathDecember 6 at 4:04 PM U.S. stock markets on Thursday spent most of the day deep in the red in an across-the-board rout triggered by the prospect that a U.S.-China trade deal […]
“We’ll not mince words here: The president’s characterization of himself as “Tariff Man” is juvenile and unpresidential. We cannot imagine Mr. Eisenhower, Mr. Kennedy, Mr. Johnson, Mr. Nixon, Mr. Ford, Mr. Carter, Mr. Reagan, Mr. Bush, Mr. Clinton, Mr. Bush or Mr. Obama ever… EVER… making a juvenile statement such as this to any other […]
China Faces Two Traps as Trump-Xi Meeting Looms Wall Street is looking to ancient Greek history to game out the U.S.-China trade conflict. Also, consumers are confident and Fedspeak. By John Authers – November 27, 2018, 7:30 PM EST Excerpt below. China and Thucydides’s Trap Guess who’s coming to dinner? Presidents Donald Trump of the […]
Trump needs a market scape goat By BEN WHITE (bwhite@politico.com; @morningmoneyben), AUBREE ELIZA WEAVER (aweaver@politico.com; @AubreeEWeaver) 11/21/2018 08:00 AM EST Excerpt below: Another brutal day on Wall Street and President Trump once again decided to blame Fed Chair Jay Powell rather than face the reality that the U.S. economy is likely to slow down next […]
The United States seems to be losing the ill-conceived Trump-Navarro trade war. The evidence of this loss continues to mount. Here is an important Bloomberg catalog of specific facts and items and actions. (Note that this is not “fake news.”) “These Products Show How Hard It’ll Be to Beat China in Trade War,” https://www.bloomberg.com/news/articles/2018-11-11/trump-s-china-cold-war-yields-hard-look-at-global-supply-chains. Meanwhile, […]
Excerpt from The Washington Post, ‘That was shocking’: Strong job gains give GOP extra fuel heading into Election Day By Heather Long and Danielle Paquette November 2, 2018 Hiring surged and wages grew more than they have in almost a decade, the government said Friday in a report seized on by Republicans just before the […]
Cumberland’s David Kotok emails on Clarida’s speech: “He is a prominent figure in the market community. He is known as thoughtful and a centrist. While I believe he doesn’t personally like Trump’s Fed bashing, I do not expect Clarida to refer to it. “He knows he is speaking for worldwide consumption and he knows these words he offers in his first speech can either inflame markets or calm them. I expect his remarks to be well received and carefully crafted. That is exactly what is needed given the President’s unseemly Fed bashing rhetoric.”
“All sides are digging deeper in concrete and that’s a very dangerous thing; we’re going to see earnings that may start to reflect it,” David Kotok, chairman and chief investment officer at Cumberland Advisors, told Bloomberg Television. “This is the first quarter where it might become visible in some of these companies.”
David Kotok, founder & chief investment officer at Cumberland Advisors, shares his investment strategy. He speaks with Ramy Inocencio & Haidi Stroud-Watts on “Bloomberg Daybreak: Australia.”
