Tag Archives: Federal Reserve Bank

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Dow plunges nearly 3,000 points as Fed intervention does little to subdue Wall Street’s distress

Author: , Post Date: March 17, 2020
Cumberland-Advisors-David-Kotok-In-The-News

Dow plunges nearly 3,000 points as Fed intervention does little to subdue Wall Street’s distress U.S. markets went deep red on coronavirus fears, shredding roughly 12 percent from the S&P 500 and Nasdaq By David J. Lynch – The Washington Post – March 16, 2020 Excerpt below: Fears that policymakers have not done enough to […]

Cumberland Advisors Market Commentary – Whatever It Takes, Part II

Author: Robert Eisenbeis, Ph.D., Post Date: March 15, 2020
Whatever It Takes, Part II

On Thursday, March 12, the Federal Reserve announced additional measures designed to send a message to markets that the Fed is there should it be needed. Pundits hyped that the Fed was going to inject up to $1.5 trillion of liquidity into financial markets, but that amount is misleading in many important ways. First, the […]

Cumberland Advisors Market Commentary – No Conspiracy at St. Louis Fed.

Author: David R. Kotok, Post Date: January 21, 2020
Market Commentary - Cumberland Advisors - No Conspiracy at St. Louis Fed

In my opinion the speculation about a conspiracy at the St. Louis Fed may be fodder for internet speculation, but it is simply not true. There is coincidence in timing of unrelated announcements.  We believe it is pure coincidence. Here’s the fact set. 1. On January 16, 2020, the St. Louis Fed discontinued the series […]

Surveillance: Negative Rates with Mohamed El-Erian (Bloomberg Radio Podcast)

Author: David R. Kotok, Post Date: December 24, 2019
Surveillance Negative Rates with Mohamed El-Erian (Bloomberg Radio Podcast)

Surveillance: Negative Rates with Mohamed El-Erian (Bloomberg Radio Podcast) Hosts: Tom Keene, Jon Ferro, and Pimm Fox David Kotok, Cumberland Advisors Co-Founder & CIO, says negative interest rates are at a peak. Michael Holland, Holland & Co. Chairman and Founder, thinks the Fed is far more important for markets than a U.S.-China trade deal. Dana […]

Cumberland Advisors Market Commentary – Bob Eisenbeis shares Personal Reflections of Paul Volcker

Author: Robert Eisenbeis, Ph.D., Post Date:
Market Commentary - Cumberland Advisors - Paul Volcker as remembered by Robert Eisenbeis, Ph.D.

Despite Volcker’s tendency to listen to only a few close associates when it came to key policy issues, but unlike Arthur Burns, he was respectful and tolerant of staff. I was fortunate enough to have a chance five years or so ago to sit down with Paul at a Federal Reserve Bank of Chicago conference and discuss the past. Among his key attributes were his integrity, the quality of his public service, his concern for the independence of the Fed, and his commitment to break the back of inflation despite the personal and political attacks he incurred in response to his policies designed to achieve that end.

Cumberland Advisors Market Commentary – FOMC ZZZZZZZZZZZZ

Author: Robert Eisenbeis, Ph.D., Post Date: December 16, 2019
Federal Reserve - FOMC

“Boring” was how commentators on at least one network characterized the FOMC’s December 11th decision to hold rates constant. It was, in fact, a no-brainer decision given the strong labor market, which created 266 thousand jobs in November; strong consumer spending based upon the Black Friday and Cyber Monday sales data; an unemployment rate at […]