Bloomberg Markets: The Close Full Show with David R. Kotok March 25th, 2020 (Video)

Author: , Post Date: March 26, 2020

Bloomberg Markets: The Close Full Show with David R. Kotok

March 25th, 2020


Scarlet Fu and Romaine Bostick bring you the latest news and analysis leading up to the final minutes and seconds before the closing bell on Wall Street and tackle the market volatility from coronavirus fears, the impact of different industries and the stimulus. Guests Today: David Kotok of Cumberland Advisors, Boris Jordan of Curaleaf, Carol Schleif of Abbot Downing Investment Advisors, Mark Calabria of the Federal Housing Finance Agency, Bob Doll of Nuveen (Source: Bloomberg)

David joins the broadcast at the 4min mark. He talks about credit spreads, dislocations, has the Fed addressed dislocation? “The Fed is trying to address every sector it can reach. It has come off the peak pressure, but there’s still more work to be done. The municipal sector is improving but it hasn’t fully improved. And we see the commercial paper sector improving. But it has to reach a point in which there is broad confidence in the banking system. I’m still seeing clients moving funds around because they’re afraid of bank failure. And I’m seeing clients making changes because they are very worried about credit sensitivity. They are replaying 2008 types of metaphors. This is a different kind of a problem. But in their minds that’s the most recent history and they are focused on attempting to protect themselves,” David R. Kotok.

Watch the show in the player or at Bloomberg:

Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.

Sign up for our FREE Cumberland Market Commentaries

Cumberland Advisors Market Commentaries offer insights and analysis on upcoming, important economic issues that potentially impact global financial markets. Our team shares their thinking on global economic developments, market news and other factors that often influence investment opportunities and strategies.

cumber map
Cumberland Advisors® is registered with the SEC under the Investment Advisers Act of 1940. All information contained herein is for informational purposes only and does not constitute a solicitation or offer to sell securities or investment advisory services. Such an offer can only be made in the states where Cumberland Advisors is either registered or is a Notice Filer or where an exemption from such registration or filing is available. New accounts will not be accepted unless and until all local regulations have been satisfied. This presentation does not purport to be a complete description of our performance or investment services. Please feel free to forward our commentaries (with proper attribution) to others who may be interested. It is not our intention to state or imply in any manner that past results and profitability is an indication of future performance. All material presented is compiled from sources believed to be reliable. However, accuracy cannot be guaranteed.