Market Commentary


Cumberland Advisors Commentary – A Sunday Potpourri

Author: David R. Kotok, Post Date: January 17, 2021
Market-Commentary-Cumberland-Advisors-David-Sunday-A Sunday Potpourri

This Sunday morning, we would like to whisk you away from the world of politics for a few minutes. First, we’ll consider the outsized consequences of acting without thinking. We thank Bill D. for forwarding this 30-second clip: “Why we don’t do fireworks at Christmas,” Second, we offer, as a counterpoint, an extraordinary human […]

Cumberland Advisors Market Commentary – JOLTS and a Sobering View of Labor Market Conditions

Author: Robert Eisenbeis, Ph.D., Post Date: January 15, 2021
Robert Eisenbeis

Although the news is somewhat stale, the January 12 release of the BLS’s Job Openings and Labor Turnover Survey (JOLTS) for November provides some additional information about the underlying dynamics of the labor market as we approached the December virus surge. The picture we see reflects some calming in the labor market after a huge […]

Cumberland Advisors Market Commentary – South Africa Facing a Resurgence of the Virus

Author: William Witherell, Ph.D., Post Date: January 14, 2021
Cumberland Advisors Market Commentary by William "Bill" Witherell, Ph.D.

In recent weeks, a new and more contagious variant of COVID-19 has been surging in South Africa, with per capita new infections and deaths approaching the globally leading rates being experienced in the UK and the USA. While on December 26 the seven-day rolling average of new South African cases per 100,000 people was 19.86, […]

Cumberland Advisors Market Commentary – Markets and Another Impeachment

Author: David R. Kotok, Post Date: January 13, 2021

The response of the markets to a potential second impeachment of President Trump is impossible to predict now. History shows why this may not be a market moving event. The new Senate under Schumer will decide what to do with Speaker Pelosi’s new articles of impeachment. How and when is not clear. In the meantime […]

Cumberland Advisors Market Commentary – Jobs, As the New Year Begins

Author: Robert Eisenbeis, Ph.D., Post Date: January 12, 2021
Robert Eisenbeis

The jobs numbers released this week provide a sobering view of the pace of the recovery and provide clear evidence as to what we can expect from the FOMC. The Committee’s new strategy focuses on ensuring maximum employment, with policy designed to minimize downside deviations from that what the Committee views as full employment. The […]

Cumberland Advisors Market Commentary – Q4 Quarterly Credit Commentary – Municipal Credit 2020 and Beyond

Author: Patricia Healy, CFA, Post Date: January 11, 2021

In the depths of the muni market plunge back in March, many feared that the sky had fallen and that municipalities would not be able to manage their services and debt repayment. The initial fall in prices was due to a collapse of liquidity, when muni money market funds had no one to sell to […]

Cumberland Advisors Week in Review (Jan 04, 2021 – Jan 08, 2021)

Author: Cumberland Advisors, Post Date: January 9, 2021

The Cumberland Advisors Week in Review is a recap of news, commentary, and opinion from our team. These are not revised assessments, and circumstances may have changed in the market from the time of original publication. We also include older commentaries that our editors have determined may be of interest to our audience. Your feedback […]

Cumberland Advisors Market Commentary – The Blue Wave and the Bond Markets

Author: John R. Mousseau, CFA, Post Date: January 8, 2021
CA-John-R-Mousseau-The Blue Wave and the Bond Markets

The Democratic Party won both Senate seats in Georgia on Tuesday, January 5th. Our own math had a split decision, with each party capturing a Senate seat; but with the sweep the Democrats will now control the White House, the House of Representatives, and the Senate, where a 50-50 split will now be broken by […]

Cumberland Advisors Market Commentary – Census Update

Author: David R. Kotok, Post Date: January 7, 2021

According to the Brookings Institution, “Newly released Census Bureau population estimates through mid-year 2020 reveal record lows in U.S. population growth, both annually and for the 2010-to-2020 decade…. “The new estimates indicate that over the period from July 1, 2019 to July 1, 2020, the nation grew by just 0.35%. This is the lowest annual […]

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