About 20 million people in America were at sharply increased financial risk if Trump hadn’t signed the new stimulus bill. I asked Mike Englund of Action Economics for a breakdown. Here’s what he sent. “This is taken straight from the initial claims report from the DOL: Unemployment Insurance Benefits in All Programs Week ending December […]
The buildup to and launch of a COVID-19 vaccine during the fourth quarter of 2020 led to record highs being set in the stock market and a steeper Treasury yield curve. The news of the vaccine also benefits spreads on investment-grade corporates and taxable municipals. These spreads continue to grind lower from their highs earlier […]
Sometimes the light’s all shinin’ on me Other times I can barely see Lately it occurs to me What a long strange trip it’s been “Truckin,” by the Grateful Dead (Lyrics by Robert Hunter) Those great lines from a great song sum up the 2020 investment year in general and particularly in munis, as […]
We hope that you’ve made the most of your holidays during this extraordinary year and have found safe ways to connect with family and friends. On this Sunday poised just before the new year, we would like to wish you and yours a better and brighter 2021. We are hopeful although, we know that we […]
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 […]
During March and April of this year, the global economy and equity markets were hit with a severe shock from the COVID-19 pandemic and the widespread lockdown measures governments imposed in response. In May and June, the spread of infection lessened in many economies, lockdowns were largely ended, and restrictions eased. Equity markets started a […]
“Now what?” we are asked after a 2020 that saw a full-year market whipsaw round trip, coupled with a COVID-induced economic deep dive in the spring. The V-shaped recovery that followed is starting to falter. Let’s take a look in this 2021 market & macro outlook. Jim Bianco has given us permission to use a […]
As much as you may know about airborne transmission of COVID-19, something new may be learned from this video. How risky is it, for instance, to stand in line behind someone who is wearing a loosely fitted mask? Find out. See “Military-grade camera shows risks of airborne coronavirus spread,” https://www.washingtonpost.com/investigations/2020/12/11/coronavirus-airborne-video-infrared-spread/ We thank all the readers […]
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 […]
Prior to the Fed’s December FOMC meeting there was a general consensus among economists (see the December NABE forecast, for example) that the Committee would not change its federal funds rate target. But the media was filled with speculation that the FOMC would possibly increase its asset purchase program or begin to purchase longer-maturity Treasuries. […]
