Tag Archives: Quarterly Review

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Cumberland Advisors Market Commentary – Market Volatility/Leveraged Volatility/Sector Alpha Portfolios – 2020Q1 Review

Author: Leo Chen, Ph.D., Post Date: March 19, 2020
Cumberland Advisors - Quarterly Review - Market Volatility - Leveraged Volatility - Sector Alpha Portfolios

Following the S&P 500’s outstanding performance in 2019, the continual all-time highs in the first quarter of 2020 were short-lived. Just days after the Dow soared to within 500 points of 30,000, the coronavirus outbreak brought the US equity market down by 30%, precipitating the fastest bear market in history in terms of number of […]

4Q 2019 Review: Total Return Tax-Free Municipal Bond

Author: John R. Mousseau, CFA, Post Date: January 3, 2020
John R. Mousseau, CFA

The municipal bond market saw interest rates back up very slightly in sympathy with the Treasury market during the fourth quarter of 2019. Ten- and thirty-year AAA tax-free yields started the quarter at 1.42% and 2.01% respectively. As the curtain dropped on 2019 they closed at 1.44% and 2.09%. However the ratio to Treasury yields […]

4Q2019 Review: International ETF

Author: Matthew McAleer, Post Date:
Matthew C. McAleer - Executive Vice President & Director of Equity Strategies

As noted in our Q3 review, the foreign equity markets showed strong resilience in the face of constant headline news throughout 2019. As noted in our Q3 review, the foreign equity markets showed strong resilience in the face of constant headline news throughout 2019. Both developed and emerging markets rallied sharply through December as both […]

4Q2019 Review: Puerto Rico

Author: Shaun Burgess, Post Date:
Market Commentary Puerto Rico

As we reflect on a tumultuous fourth quarter for the Commonwealth of Puerto Rico, early progress in 2019 in the island’s bankruptcy brought optimism, however that optimism has since turned to frustration as headway has slowed, uncertainty has increased, and questions remain unanswered. October saw the release of a plan of adjustment to restructure the […]

4Q2019 Review – US Equity ETF

Author: David R. Kotok, Post Date:
Cumberland Advisors - Quarterly Review - US ETF

In 4Q 2019 markets continued to react to the buffeting news flow as an array of headlines besieged investors. Brexit, the Trump Trade War, energy sector write-offs (Chevron), political attacks in the healthcare sector, Fed policy debate and proposed wealth taxation were among the many worrisome topics. Meanwhile, US stock markets reached all-time highs, and […]

4Q 2019 Review: International Equity Markets

Author: William Witherell, Ph.D., Post Date: January 2, 2020
Cumberland Advisors Market Commentary by William "Bill" Witherell, Ph.D.

International equity markets – that is, stock markets outside the US – finished the year robustly, with the iShares MSCI All Country ex US ETF, ACWX, gaining 7% in the 4th quarter on a total return basis. For the year as a whole, ACWX gained 16.5%. While this was less than the US market’s 28.3% […]

4Q2019 Review: Tactical Trend

Author: Matthew McAleer, Post Date: December 31, 2019
Matthew C. McAleer - Executive Vice President & Director of Equity Strategies

A flexible investment strategy that strives to analyze multiple asset classes, Tactical Trend strives to provide long term capital appreciation while focusing on risk vs. reward opportunities. Capital is deployed in the primary asset classes exhibiting strong relative strength vs. indexes and peers. These asset classes include domestic equities, international equities, fixed income and commodities. […]

4Q2019 Review – Market Volatility / Leveraged Volatility / Sector Alpha Portfolios

Author: Leo Chen, Ph.D., Post Date:
Cumberland Advisors - Quarterly Review - Market Volatility ETF

4Q 2019 Review: Market Volatility / Leveraged Volatility / Sector Alpha Portfolios The S&P 500 has had a tremendous melt-up in the fourth quarter of 2019. With the Federal Reserve’s cutting rates for the third time in October and the easing of trade tensions between the US and China, it is not surprising that the […]

4Q 2019 Review – Total Return Taxable Fixed Income

Author: Daniel Himelberger, Post Date: December 26, 2019
Cumberland Advisors - Dan Himelberger - Portfolio Manager & Fixed Income Analyst

During the Q4 of 2019, Treasury yields rose in the maturity range of two years out to thirty years, with the biggest increase being the yield for the 10-year. As of December 23, the 10-year Treasury had risen 24.5 bps to 1.911%. The Fed did elect to lower the fed funds rate again at the […]