Tag Archives: Eurozone


Eurozone Economy’s Expansion Ongoing and Broad-Based, Downside Risks Worrying

Author: Bill Witherell, Ph.D., Post Date: September 24, 2018
Cumberland Advisors Market Commentary - Bill Witherell, Ph.D.

The European Central Bank (ECB) left its monetary policy stance unchanged at its September 13 meeting. Net asset purchases will end in December, but with the Bank’s maintaining its stock of assets, the reinvestment of redemptions will maintain substantial stimulus. No increase in policy interest rates is signaled until at least after the end of […]

Fed & Rates

Author: David R. Kotok, Post Date: July 3, 2018
Cumberland Advisors Market Commentary by David Kotok

My colleague Bob Eisenbeis recently described the improved communications from the Fed and offered his current thoughts on Fed policy. His post-Fed-meeting notes are here: http://www.cumber.com/the-fed-decides/. Today we want to take a longer view of interest rates and offer some observations on what lies ahead. I write this after the FOMC June meeting and after […]

Difficult Quarter for Eurozone Stocks

Author: Bill Witherell, Ph.D., Post Date: June 28, 2018
Cumberland Advisors Market Commentary - Bill Witherell, Ph.D.

Eurozone equity markets have encountered significant headwinds in the second quarter of this year despite continued robust economic growth above estimated potential for most Eurozone economies. The continued strength of the Eurozone economies is emphasized in this month’s “OECD Economic Surveys: Euro Area.”[i] These economies have been growing since 2014. “GDP growth is expected to […]

France Notebook

Author: Bill Witherell, Ph.D., Post Date: June 8, 2018

We are back in Southern France, in the town of Bonnieux, perched on a hilltop in the Luberon region of Provence, far from the hustle of Paris. The country has recently endured a record number of thunderstorms, which have caused some serious flooding, and continues to experience a series of rail and airline strikes. However, […]

Italy ETFs: Political Heat Singes Stock and Bond Investors

Author: , Post Date: May 30, 2018
Cumberland Advisors William Bill Witherell Ph.D.

“Monday there was first relief in European governments and in financial markets that a populist government in Italy had been prevented, but this reaction soon was overtaken by the fear that the populist parties could emerge strengthened by these events if there is a new election. The drama thus continues.”