Trump needs a market scape goat By BEN WHITE (email@example.com; @morningmoneyben), AUBREE ELIZA WEAVER (firstname.lastname@example.org; @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 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 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, […]
(Bloomberg) — Between the reinstatement of the debt ceiling in March and the unwind of the Fed’s balance sheet, a “small shock is coming to the short-term funding markets,” Cumberland Advisors Chief Investment Officer David Kotok says in note. • The 2019 debt-limit fight will occur in the shadow of “recent nasty midterms” and as […]
For the next few years, the increased debt financing of the United States will not be a problem for markets. That will remain the case as long as the US dollar is the unchallenged world reserve currency, as it has been for decades. When you survey the world and look at other countries’ economic systems and current situations, the US emerges as the best or, if you are a hand-wringing detractor, the least troubled.
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 […]
Kotok: the market is getting back to normal, & while it might be some new normal, it will have the traditional long-term returns of 8-10% for large-cap domestic stocks & lower single-digits for bonds, & he noted that correcting expectations should help investors find satisfaction in the market ahead.
We thank readers for their many comments and criticisms regarding our commentary on climate change and markets. For those who missed the original piece, here is the link: “Climate Change & Markets,” https://www.cumber.com/climate-change-markets/. There were diverse responses ranging from total disagreement to full endorsement. No one offered observations about the market section. Many agreed that […]
David Kotok, Chief Investment Officer/Co-Founder, Cumberland Advisors, joined Bryan Curtis and Rishaad Salamat on Daybreak Asia. He says the fundamental issue for markets is still trade, he goes on to say whatever the outcome of the midterm elections, we will then have clarity for the next two years. “Just lifting the uncertainty, I believe, will […]