Tag Archives: David Kotok


Big day in Fed Land

Author: , Post Date: October 25, 2018

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.”

Climate Change & Markets

Author: David R. Kotok, Post Date: October 23, 2018
Market Commentary - Cumberland Advisors - Climate Change & Markets

Why did Hurricane Michael intensify so quickly? And why was the Western US so hot and dry this summer? And what about climate change all across the rest of the global landscape and seascape? And what do I do with my portfolio? There are still many climate change deniers. But that cohort shrinks as more […]

Markets & Cognitive Epistemology

Author: David R. Kotok, Post Date:
Market Commentary - Cumberland Advisors - Markets & Cognitive Epistemology

We want to open a discussion about cognitive epistemology, invoking behavioral economics and translating our conclusions into a market strategy at the end. Epistemology is the study of how we know what we know – or really, what we think we know. Here is a precise definition: “the theory of knowledge, especially with regard to […]

David Kotok speaks with Bloomberg’s Tim Fox and Tom Keene about ETFs, Bonds, Taxes, & More

Author: , Post Date: September 4, 2018
Cumberland's David Kotok on Bloomberg Radio

David Kotok speaks with Bloomberg’s Tim Fox and Tom Keene David was asked, “Where are you within your portfolio: cash, bonds, equities?” David responds, “ Bonds, barbelled, that’s an easy one and we’ve been in that mode for a while and we’re going to stay there. In our Leveraged Volatility, that’s a high-frequency trading strategy, […]

John Mousseau, CFA® Becomes President of Cumberland Advisors as Firm Celebrates 45th Anniversary

Author: Sharon Prizant, Post Date: June 15, 2018
Cumberland Advisors - 45th Anniversary

It is with pride that Cumberland Advisors celebrates its 45th Anniversary. June 18th marks 45 years since Cumberland Advisors officially opened its Vineland, NJ, office. Eight years after moving our principal office from Vineland to Sarasota, FL, we have 45 employees, and as of April 30th, 2018, more than three billion dollars of client investment […]

Cash, NIRP & Bonds

Author: David R. Kotok, Post Date: July 29, 2016
Cumberland Advisors Market Commentary by David Kotok

Take a look at the $100 bill, ¥10,000 note, and €100 note. They are all pieces of paper with an intrinsic value near zero. Their money-like characteristics establish the value for each bill or note. With roughly the same monetary value, give or take a fluctuating amount in foreign exchange markets, they can each buy […]


Author: David Kotok, Post Date: May 29, 2012

The drachma, the Greek currency, is over 3000 years old.  It was the most widely circulated coin in the world prior to the time of Alexander the Great. Readers may enjoy a few minutes of study about Alexander the Great.  His Macedonian army conquered Persia and much of the rest of the ancient world.  His […]