Market Commentary


Cumberland Advisors Guest Commentary – Rosenberg Research Report (Jan 06, 2020) – The Year Ahead 2020

Author: David R. Kotok, Post Date: January 16, 2020

My friend and fishing buddy David “Rosie” Rosenberg has launched his own eponymous economic consultancy. Here’s his website link: Rosie has given us permission to share his year-end review with our readers. Here’s a thought-provoking trove of information and we provide a small excerpt below (full review including charts is in linked PDF). If […]

Market Commentary: Puerto Rico Earthquakes – Insult to Injury

Author: , Post Date: January 15, 2020
Market Commentary Puerto Rico

For the people of Puerto Rico, natural disasters have become all too commonplace. Two years ago there was Hurricane Maria, which claimed thousands of lives and caused billions in damages. Now the island has experienced a series of earthquakes (the largest being a magnitude 6.4), which have again caused destruction and again brought fear and […]

Cumberland Advisors Market Commentary – The Trade Policies

Author: Robert Eisenbeis, Ph.D., Post Date: January 14, 2020
Cumberland Advisors' Robert "Bob" Eisenbeis, Ph.D.

Beginning in 2018, in a long sequence of actions, the US enacted tariffs on goods from a number of countries besides just China. In some cases the affected countries responded with their own retaliatory tariffs on US products. As a consequence of the timing and the short periods that many of the tariffs have been […]

Cumberland Advisors Market Commentary – 2019: Bonds Roar Back

Author: John R. Mousseau, CFA, Post Date: January 13, 2020
2019 Bonds Roar Back

2019 saw bond yields turn around from their climb in 2018 and move lower. Since the Federal Reserve changed their language last December to being accommodative and data-driven, we have seen yields across the board come down a lot. There is no question that this drop in yields was driven, in large part, by what […]

Cumberland Advisors Week in Review (Jan 06, 2020 – Jan 10, 2020)

Author: Cumberland Advisors, Post Date: January 11, 2020

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 – ESG Investing. Also Brazil.

Author: David R. Kotok, Post Date: January 10, 2020
Market Commentary - Cumberland Advisors - ESG

ESG investing is getting hotter (pun intended). We are watching organizations change their institutional asset allocation to increase their exposure to environmental, social, and/or governance standards that are acceptable to the trustees or boards or donors. Those incoming flows into the ESG space mean higher stock prices for the companies and securities that meet the […]

Cumberland Advisors Market Commentary – Year-End & 2020 Forecast Note #8 – 52 Targets

Author: David R. Kotok, Post Date: January 6, 2020
Market Commentary - Cumberland Advisors - Year-End-&-2020-Forecast-Notes 8 - 52 Targets (Iran)

We may not like the direction of the world, but our task as investment advisors is to set aside personal and political views when we make buy-sell-hold decisions for client portfolios that we manage. As we proceed into 2020, our US ETF portfolio will continue to be overweight the defense and aerospace subsector of America’s […]

4Q 2019 Review: Total Return Tax-Free Municipal Bond

Author: John R. Mousseau, CFA, Post Date: January 3, 2020
John R. Mousseau, CFA

The municipal bond market saw interest rates back up very slightly in sympathy with the Treasury market during the fourth quarter of 2019. Ten- and thirty-year AAA tax-free yields started the quarter at 1.42% and 2.01% respectively. As the curtain dropped on 2019 they closed at 1.44% and 2.09%. However the ratio to Treasury yields […]

4Q2019 Review: International ETF

Author: Matthew McAleer, Post Date:
Matthew C. McAleer - Executive Vice President & Director of Equity Strategies

As noted in our Q3 review, the foreign equity markets showed strong resilience in the face of constant headline news throughout 2019. As noted in our Q3 review, the foreign equity markets showed strong resilience in the face of constant headline news throughout 2019. Both developed and emerging markets rallied sharply through December as both […]

4Q2019 Review: Puerto Rico

Author: Shaun Burgess, Post Date:
Market Commentary Puerto Rico

As we reflect on a tumultuous fourth quarter for the Commonwealth of Puerto Rico, early progress in 2019 in the island’s bankruptcy brought optimism, however that optimism has since turned to frustration as headway has slowed, uncertainty has increased, and questions remain unanswered. October saw the release of a plan of adjustment to restructure the […]

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