Tag Archives: muni bonds

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Is the Municipal Bond Market Sleepy?! Pension Doomsday?

Author: Patricia Healy, CFA, Post Date: November 19, 2018
Market Commentary - Cumberland Advisors - Is the Municipal Bond Market Sleepy - Pension Doomsday

Today’s municipal bond market is anything but “sleepy,” as Spencer Jakab characterized it in his Wall Street Journal article “Prophet of Muni Market Doom Wasn’t Wrong, Just Early” (10/26/2018). The Prophet of Doom he referred to was Meredith Whitney, who shortly before the financial crisis successfully predicted the damage to Citibank by bad mortgages. In […]

The California Wildfires’ Financial Toll

Author: , Post Date: November 16, 2018
Cumberland-Advisors-Patricia-Healy-In-The-News

Excerpt below from “The California Wildfires’ Financial Toll” By Randall W. Forsyth, Nov. 16, 2018 1:06 p.m. ET In every disaster, natural or man-made, a price is exacted first in human terms. From the relative safety of where I write this, I can recall the damage from superstorm Sandy that crippled the Northeast six years […]

Puerto Rico Oversight Board, Rosselló tussle over Christmas bonus

Author: , Post Date: November 15, 2018
Cumberland-Advisors-Shaun-Burgess-In-The-News

Excerpt below from “Puerto Rico Oversight Board, Rosselló tussle over Christmas bonus” By Robert Slavin, November 15 2018, 3:27pm EST Puerto Rico’s Christmas bonus is again under the spotlight as the Oversight Board pressures Gov. Ricardo Rosselló to identify spending reductions to offset the cost of his plan to pay the annual benefit. The clash […]

Midterm Elections – The Quick Muni Note

Author: John R. Mousseau, CFA, Post Date: November 7, 2018
Market Commentary - Cumberland Advisors - Midterm Elections – The Quick Muni Note

Here’s our first take after the midterm elections. The polls actually got it right, with the Democrats taking the House of Representatives and the Republicans enjoying a slight pickup in the Senate. Divided government, with different parties in control of the House and Senate, has sometimes led to gridlock.  It also tends to keep spurious […]

Q3 2018 Municipal Credit Commentary

Author: Patricia Healy, CFA, Post Date: September 28, 2018
Market Commentary - Cumberland Advisors - Q3 2018 Municipal Credit Commentary

Updates, budgets, potential future stresses, state ratings, default study, and last but not least, storms Last quarter we focused our 2Q 2018 municipal credit commentary on two SCOTUS (Supreme Court of the United States) rulings. One allows states to collect tax on out-of-state internet sales while the other restricts public unions from requiring that non-union […]