Tag Archives: Stock Market

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Same Market, Different Trade

Author: , Post Date: February 7, 2018
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Excerpt below: The economy didn’t change over the last 24 hours, and corporate profits stayed strong. And yet investor sentiment couldn’t be more different. A day after closing down 1175 points, the Dow Jones Industrial Average clawed back, ending up 567 points on the day. From a record point loss to the best point gain […]

What Cumberland’s Kotok Is Buying

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Excerpt below: Late last week, when stocks began selling off hard, David Kotok, the chairman and chief investment officer of $3 billion-asset Cumberland Advisors, was buying on the dip. To be precise, he was adding two bank exchange-traded funds—Powershares KBW Bank Portfolio (KBWB) and SPDR S&P 500 Regional Bank (KRE)—to the ETF-based separately managed accounts […]

Dow roars back for 567-point gain after scary start

Author: , Post Date: February 6, 2018
Cumberland-Advisors-David-Kotok-In-The-News

Excerpt below: The powerful comeback may reflect a realization by investors that the economy is still strong, even if stocks flew too close to the sun earlier this year. “Sometimes the market does get disconnected from economic reality to the upside and it needs to get in line,” said Jack Ablin, chief investment officer at […]

What Higher Yields Mean for Stock and Bond Portfolios

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Cumberland-Advisors-Leo-Chen-In-The-News

Excerpt below: “Generally, when central banks pull back on stimulus that ultimately is the catalyst that brings growth to an end,” says Jeff Klingelhofer, a portfolio manager at Thornburg Investment Management. “The major story the next couple of years will be watching central banks.” Also adding upward pressure on Treasury yields is an increase in […]

Dow storms back after dipping into correction

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Cumberland-Advisors-David-Kotok-In-The-News

Excerpt below: The stock market freakout of 2018 hit a crescendo on Monday when the Dow plunged a record 1,175 points. The 4.6% plunge was the index’s worst day since August 2011 and knocked it into the red for the year. “There’s been a seismic shift in sentiment, which had reached extreme levels,” said Paul […]