Tag Archives: Quarterly Review

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Cumberland Advisors Market Commentary – 3Q2019 Review: Tactical Trend

Author: Matthew McAleer, Post Date: October 2, 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. […]

Cumberland Advisors Market Commentary – 3Q 2019 Review: Total Return Tax-Free Municipal Bond

Author: John R. Mousseau, CFA, Post Date: September 30, 2019
John R. Mousseau, CFA

The dramatic drop in Treasury yields at the beginning of August caused the muni market to take a pause in its great relative performance earlier in the year. The 10-year Treasury bond moved 52 basis points lower, going from 2.005% at the end of the second quarter to 1.48% at the end of August; and […]

Cumberland Advisors Market Commentary – 3Q2019 Review – Market Volatility ETF

Author: Leo Chen, Ph.D., Post Date: September 26, 2019
Cumberland Advisors - Quarterly Review - Market Volatility ETF

Although the S&P 500 made new highs after the Federal Reserve cut interest rates in 2018 for the first time since the Great Recession, the hawkish rate cut was not enough to sustain the market rally, which was derailed by additional tariffs that President Trump announced on August 1st on $300 billion of Chinese imports. […]

Cumberland Advisors Market Commentary – 3Q 2019 Review – Total Return Taxable Fixed Income

Author: Daniel Himelberger, Post Date: September 25, 2019
Cumberland Advisors - Dan Himelberger - Portfolio Manager & Fixed Income Analyst

Treasury yields dropped throughout Q3 of 2019, with the biggest decline being the 30-year. As of 9/23/19 the 30-year Treasury had fallen 40.4 bps to 2.127%. We also saw a record low on the 30-year when it closed at 1.951% on 8/27/19. The 10-year was also down 32.7 bps, to 1.679%, as of 9/23/19. The […]

Cumberland Advisors Market Commentary – 3Q 2019 Review: International Equity ETF

Author: William Witherell, Ph.D., Post Date: September 19, 2019
Cumberland Advisors Market Commentary by William "Bill" Witherell, Ph.D.

With just nine market days remaining in the third quarter, international equity markets (those outside the US) are coming to the close of another quarter of high volatility. Market volatility continues to be driven by the destabilizing effects of the escalating US-China trade and technology disputes, as well as unresolved trade issues the US has […]

Cumberland Advisors Market Commentary – 3Q19 Review – US Equity ETF

Author: David R. Kotok, Post Date: September 18, 2019
Cumberland Advisors - Quarterly Review - US ETF

Volatility and uncertainty characterized the third quarter of 2019. For the first two months the markets were buffeted by China trade war effects and threats, geopolitical uncertainty (Iran, North Korea), turnover in the Trump Administration (Bolton), tweets bashing the Fed (Trump), negative interest rates spreading worldwide ($17 trillion, mostly Europe). By the end of August, […]

Cumberland Advisors Market Commentary – 2Q2019 Review: Total Return Taxable Fixed Income

Author: Daniel Himelberger, Post Date: June 25, 2019
Cumberland Advisors - Dan Himelberger - Portfolio Manager & Fixed Income Analyst

Treasury yields dropped precipitously throughout the second quarter of 2019, with the biggest decline seen in the short to intermediate maturities. As of 6/20/19 the most sizable decline was in the 2-year Treasury, which dropped 54 bps to 1.724%, while the 30-year Treasury lagged this drop in yield but still declined 28.2 bps to 2.533%. […]

US ETF Q3 2018 Review

Author: David R. Kotok, Post Date: September 20, 2018
Cumberland Advisors - Quarterly Review - US ETF

Third-quarter US stock markets have faced a formidable array of media distractions, ranging from hurricanes to Trump tweets to SCOTUS scuffles – and on and on. For markets the trade war and the Fed have been key. Fed policy seems predictable as the hiking path continues. Trade war effects are worrisome and starting to reveal […]