Tag Archives: William Witherell

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Eurozone Equity Markets Face Political Headwinds

Author: William Witherell, Ph.D., Post Date: November 30, 2018
Market Commentary - Cumberland Advisors - Eurozone Equity Markets Face Political Headwinds

Eurozone equity markets have had a difficult year thus far, losing some 13.2% as of November 28, as measured by the iShares MSCI Eurozone ETF, EZU. While a slowing economy and a 6% weakening of the euro offer a partial explanation of the US-dollar return from these markets, a number of political uncertainties appear to […]

A messy Brexit is the last thing Wall Street needs

Author: , Post Date: November 18, 2018
Cumberland Advisors William Bill Witherell Ph.D.

A messy Brexit is the last thing Wall Street needs By Matt Egan and Jordan Valinsky, CNN Business Sunday, November 18th 2018, 2:32 AM HST The odds of a messy Brexit, where Britain leaves the European Union without a transition deal, have increased significantly. Such an outcome would be destabilizing and create enormous uncertainty. And […]

Brexit turmoil: Here’s what’s at stake if U.K.’s May faces a leadership challenge

Author: , Post Date: November 16, 2018
Cumberland Advisors William Bill Witherell Ph.D.

Excerpt below from: “Brexit turmoil: Here’s what’s at stake if U.K.’s May faces a leadership challenge” Published: Nov 16, 2018 1:35 p.m. ET, by Anneken Tappe In could be a tense weekend for currency traders and others keeping a close eye on the political turmoil surrounding the British government’s efforts to negotiate its exit from […]

BREXIT Breakthrough Followed by Threat of Breakdown

Author: William Witherell, Ph.D., Post Date:

On November 13, British Prime Minister Theresa May and her Brexit negotiating team reached agreement with the European Union (EU) negotiators on a draft withdrawal treaty. The next day, after a very difficult five-hour meeting, May secured the agreement of her cabinet. Following the cabinet meeting, she told reporters “The choice before us is clear: […]

Italy Update: Still a Concern for Investors

Author: William Witherell, Ph.D., Post Date: October 31, 2018
Cumberland Advisors Market Commentary - Bill Witherell, Ph.D.

The Italian drama continues, with the European bond markets demonstrating great resilience despite the risks presented by the Italian government’s proposed fiscal policy stance, which has been rejected by the European Commission (EC). Earlier, after receiving Italy’s draft budget, the EC had asked Italy to explain why the government decided not to comply with European […]

Another Italian Drama – Why It Matters

Author: William Witherell, Ph.D., Post Date: October 3, 2018
Cumberland Advisors Market Commentary - Bill Witherell, Ph.D.

Government deficit out of control, irresponsible government policies, tumbling bond prices and bank share prices, threat of rating-agency downgrades, political instability – we have seen similar Italian dramas in the past that, in the end, did not lead to serious financial market contagion. Nevertheless, there are reasons to be concerned that this time the impact […]

Europe’s Migration Crisis

Author: Bill Witherell, Post Date: December 15, 2015
Market Commentary - Cumberland Advisors - Europe's Migrant Crisis

We have received thoughtful feedback to my commentary “Terrorism and France’s Economy and Equity Market” and David Kotok’s commentaries “Warnings” and “Warnings 2.” One reader based in England, whom we know personally but who prefers to remain anonymous, stressed the importance for the United Kingdom and Europe of the current and prospective mass migrations from […]