Yahoo Finance Highlight: The trade war rages on

Yahoo Finance Highlight: The trade war rages on

Nov 22, 2019

David Kotok on Yahoo Finance: Trade War Rages On [Video]

Watch the embedded video from Yahoo Finance below or at this link: https://finance.yahoo.com/video/trade-war-rages-141444340.html

Yahoo Finance’s Adam Shapiro, Julie Hyman, Dan Roberts and Cumberland Advisors Chairman & CIO David Kotok discuss how the trade war has ruined relations between the U.S. and China and how China’s purchasing of soybeans from Brazil puts pressure on the Amazon Rain Forrest.

 


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Yahoo Finance Highlight: David Kotok discusses Macy’s, Target earnings & retail divide

Yahoo Finance Highlight: David Kotok discusses Macy’s, Target earnings & retail divide

 

CA-David-Kotok-Yahoo-Finance-Retail discussion

Watch the embedded video from Twitter & Yahoo Finance below.

 



 


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Stocks keep tanking

Excerpt from Politico

By BEN WHITE
10/03/2019

David-Kotok-Quote - Trump Loss

Stocks keep tanking — The Dow is down about 800 points over the last two days. President Trump blamed Democrats and the impeachment battle but it’s much more complex than that. The sharp declines began with the terrible manufacturing number.

Market analysts MM spoke to attributed the swoon to trade war impact as well as the possibility that Sen. Elizabeth Warren (D-Mass.) could emerge as the next president. The other big issue: Trump’s totally unpredictable response to impeachment pressure.

Cumberland’s David Kotok tells MM of the sell-off: “Impeachment, the trade war and failing foreign policy under Trump’s US leadership (Iran, Saudi, North Korea, Venezuela, etc) are coalescing. Fed bashing hurts Trump. Blaming everyone else is now a failing strategy for Trump. He can save himself with a trade deal but time is running against him. Market smells a Trump loss and a Warren victory.

Read the full story at POLITICO.com .


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UPDATE 1-U.S. stock futures fall after Saudi oil attacks

Sept 15 (Reuters) – U.S. stock futures fell 0.3% percent when trading resumed on Sunday, a day after attacks on Saudi oil facilities that risk disrupting global energy supplies.

Cumberland-Advisors-David-Kotok-In-The-News

“I would expect a rough day for stocks tomorrow since this attack largely came out of the blue,” said Nicholas Colas, Co-founder of DataTrek Research. “I’m not overly concerned that it’s more than a one-day move, though. We’re not yet talking about a large-scale military intervention in the region.”

“It is inconceivable that energy costs don’t rise by some amount worldwide so the long nightmare of disinflation and below target inflation is over, and that’s why the Treasury market is not going to have this flight-to-quality drop in yields,” said David Kotok, chairman & chief investment officer of Cumberland Advisors. (Reporting by Nick Brown and Megan Davies; Editing my Megan Davies and Peter Cooney)

 

Read the full story at Yahoo Finance.


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White House debates economic stimulus plans

Excerpt from Politico

By BEN WHITE
09/12/2019

MORE FED BASHING — It’s old hat by now. But Trump went hard after the central bank again on Wednesday, calling Chair Jay Powell and his colleagues “Boneheads” for not cutting rates to zero or below. Interest rates, of course, are not the problem with the economy. And negative rates have not done much good elsewhere. They would also deplete the Fed’s recession-fighting toolkit for no good reason.

Cumberland’s David Kotok emails: “Zero and then negative interest rates have created a monstrosity in Europe. It worsens daily. Trump’s call for Americans to follow Europe into this quagmire would harm every saver, every insurance company, every bank in America. No wonder his approval is falling off a cliff. Trumpanomics of Fed bashing and trade war are an economic menace to the United States.”

Read the full story at POLITICO.com .


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Trump: ‘Boneheads’ at the Fed Should Drop Interest Rates to Zero, or Lower

Excerpt from The Fiscal Times

By Michael Rainey
09/11/2019

President Trump blasted the “boneheads” at the Federal Reserve Wednesday for failing to reduce interest rates to zero or below.

“The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term,” Trump tweeted.

Trump framed the issue in part as a matter of competition with other advanced economies. “We have the great currency, power, and balance sheet … The USA should always be paying the the [SIC] lowest rate. No Inflation! It is only the naïveté of Jay Powell and the Federal Reserve that doesn’t allow us to do what other countries are already doing. A once in a lifetime opportunity that we are missing because of “Boneheads,” he wrote. But many economists say the negative interest rate policies in Europe and Japan are nothing to envy, and are likely harmful in the long run.

David Kotok of Cumberland Advisors said that “zero and then negative interest rates have created a monstrosity in Europe,” Politico reported, and Kotok warned that Trump’s desire “to follow Europe into this quagmire would harm every saver, every insurance company, every bank.” Along the same lines, Deutsche Bank CEO Christian Sewing said last month, “In the long run, negative rates ruin the financial system.”

Read the full story at The Fiscal Times & Yahoo News .


Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.

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Trashing Fed ‘Boneheads,’ Trump calls for central bank to cut interest rates to ‘ZERO’

Excerpt from Politico

By QUINT FORGEY
09/11/2019

President Donald Trump on Wednesday called on the Federal Reserve to slash U.S. interest rates “down to ZERO,” admonishing chairman Jerome Powell and other leaders of the U.S. central bank as “Boneheads.”

“The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt,” Trump tweeted. “INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet.”

David Kotok, chief investment officer at Cumberland Advisors, said that “zero and then negative interest rates have created a monstrosity in Europe,” and warned Trump’s demand “to follow Europe into this quagmire would harm every saver, every insurance company, every bank” in the U.S.

“Trumpanomics of Fed bashing and trade war are an economic menace to the United States,” he added.

Read the full story at POLITICO.com .


Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.

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Yahoo Finance Highlight: David Kotok on why washing machines are an important reference point in the trade war

Yahoo Finance Highlight: David Kotok on why washing machines are an important reference point in the trade war

 

Yahoo Finance - David Kotok discusses trade war

Watch the embedded video from Twitter & Yahoo Finance below.

 


 

 


Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.

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David Kotok, an ‘old curmudgeon’ in finance, not afraid of Trump

David Kotok: an ‘old curmudgeon’ in finance, not afraid of Trump

by John Biers, AFP • August 24, 2019

David R. KotokExcerpt:

New York (AFP) – Investment advice from financial managers generally follows a predictable template: Update clients on the economy and stock market, endorse long-term investing — and avoid hot-button topics.

David Kotok, a veteran financial advisor, takes a different approach, mixing in deep dives on gun control, the First Amendment and other political issues with discussions of stocks and bonds.

An outraged Kotok blasted Donald Trump last month after the US president said four non-white US Congresswomen should “go back home” and led a rally where his supporters chanted “send her back” against Democratic Representative Ilhan Omar, who is Muslim.

“Send them back” is “an affront to everything our great nation stands for,” Kotok wrote in a July 24 note for his firm, Cumberland Advisors, that bemoaned a culture “inundated by political trash” and excoriated Trump’s relentless personal attacks on Federal Reserve Chair Jerome Powell.

In an interview, Kotok said his disagreements with the president stem originally from economics.

Millions of jobs remain unfilled because of Trump’s restrictive immigration policies, Kotok argues, limiting the economy’s ability to grow.

And businesses are deferring key investments because of uncertainty aroused by Trump’s swerves on trade and use of punitive tariffs, he said.

Read the full story at Yahoo Finance, linked below.

https://news.yahoo.com/david-kotok-old-curmudgeon-finance-not-afraid-trump-030236791.html

 


Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.

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Yahoo Finance Highlight: FAANG stocks hit hard by U.S.-China trade war

Yahoo Finance Highlight: FAANG stocks hit hard by U.S.-China trade war

August 6, 2019

FAANG stocks hit hard by U.S.-China trade war

Watch the embedded video from Yahoo Finance below.

Tech stocks take a beating as the trade war drags on. Yahoo Finance s Julie Hyman, Adam Shapiro, Sibili Marcellus and David Kotok of Cumberland Advisors discuss.

 


Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.

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